Brown-Forman Lowered to “Hold” at Deutsche Bank (BF.B)
Brown-Forman (NASDAQ:BF.B) was downgraded by Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on BF.B. Analysts at ISI Group downgraded shares of Brown-Forman from a “buy” rating to a “neutral” rating in a research note on Monday, August 11th. Finally, analysts at RBC Capital raised their price target on shares of Brown-Forman from $95.00 to $98.00 in a research note on Thursday, June 5th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $90.00.
Brown-Forman (NASDAQ:BF.B) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.02. The company had revenue of $921.00 million for the quarter, compared to the consensus estimate of $947.90 million. During the same quarter last year, the company posted $0.66 earnings per share. Brown-Forman’s revenue was up 2.8% compared to the same quarter last year.
Brown-Forman Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
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