Truist lowered the firm’s price target on Brown-Forman (BF.B) to $40 from $45 and keeps a Hold rating on the shares. The firm is adjusting its model after the company’s Q3 results, the analyst tells investors in a research note. Truist is also cutting its FY26 EPS view to $1.75 from $1.82 while raising its FY25 view to $1.84 from $1.74.
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