JPMorgan raised the firm’s price target on Brown-Forman (BF.B) to $36 from $34 and keeps an Underweight rating on the shares post the fiscal Q3 report. Brown-Forman saw short covering following another quarter of “better-than-feared results” and reaffirmed fiscal 2025 guidance, the analyst tells investors in a research note. However, the firm does not view the quarter’s results as “particularly narrative shifting,” saying the company’s consumption environment “still lackluster” in key markets with limited visibility to improvement closer to historical trend and tariff risk still front and center.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BF.B:
- Brown-Forman downgraded to Underweight from Equal Weight at Morgan Stanley
- Brown-Forman Corp Reports Mixed Fiscal 2025 Results
- Morning Movers: Campbell’s gains and Abercrombie & Fitch falls after earnings
- Brown-Forman reports Q4 EPS 57c, consensus 46c
- Brown-Forman sees FY25 organic net sales up 2%-4%
Questions or Comments about the article? Write to editor@tipranks.com