Brown-Forman price target lowered to $53 from $59 at Barclays

Barclays analyst Lauren Lieberman lowered the firm’s price target on Brown-Forman to $53 from $59 and keeps an Equal Weight rating on the shares. The company’s fiscal Q3 earnings print fell short of expectations, and it revised down its fiscal 2024 guidance for the second quarter in a row, the analyst tells investors in a research note.