Citi analyst Filippo Falorni lowered the firm’s price target on Brown-Forman (BF.B) to $43 from $50 and keeps a Neutral rating on the shares ahead of the earnings report on December 5. The firm expects a soft quarter, driven by soft trends in the U.S., as evidenced by weak Nielsen data, and several international markets. Citi says its negative short-term view on Brown-Forman is exacerbated by tariff risk.
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: