Citi lowered the firm’s price target on Brown-Forman (BF.B) to $35 from $38 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for the beverages and household and personal care group. The firm sees a “difficult setup” for the sector into Q1 with soft commentary intra-quarter on U.S., Europe, and emerging markets, many second half-weighted guidance ranges, and tariff risk. Citi continues to prefer “names with visibility on near-term trends and with more idiosyncratic opportunities.” In the earnings reports, the firm is positive on Keurig Dr Pepper (KDP), Boston Beer (SAM), and Church & Dwight (CHD), and cautious on Procter & Gamble (PG), Colgate-Palmolive (CL), and Coca-Cola (KO).
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BF.B:
- Brown-Forman upgraded to Buy at Roth on valuation, encouraging tariff reports
- Brown-Forman upgraded to Buy from Neutral at Roth Capital
- Trump Trade: U.S. President threatens additional tariffs on China of 50%
- EU proposes 25% counter-tariffs, Bourbon removed from list, Reuters says
- EU removes U.S. bourbon from list of counter-tariff targets, Reuters says