tiprankstipranks

Brown-Forman initiated with a Hold at Needham

Needham analyst Gerald Pascarelli initiated coverage of Brown-Forman (BF.B) with a Hold rating. The company’s performance will likely improve in the back half of FY25, but its U.S. depletion trends, along with challenged consumer survey takeaways and industry channel headwinds, leave the firm cautious on Brown-Forman’s ability to deliver much more than the low-end of topline guidance, the analyst tells investors in a research note. The pending EU tariff risk on American Whiskey, which may be reinstated in March at 50%, will likely act as an overhang on any incremental positive new category developments, Needham adds.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue