Evercore ISI raised the firm’s price target on Brown-Forman (BF.B) (BF.A) to $50 from $45 and keeps an In Line rating on the shares. Fiscal Q2 came in above expectations, but results were aided by inventory build, with underlying U.S. category dynamics little changed compared to fiscal Q1, says the analyst, who adds that the stock’s valuation “appears reasonable.”
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BF.A:
- Brown-Forman price target lowered to $46 from $48 at Roth MKM
- Brown-Forman initiated with a Hold at Needham
- Brown-Forman Inc: Navigating Challenges with Strategic Resilience
- Brown-Forman price target raised to $47 from $45 at Morgan Stanley
- Morning Movers: Fiserv shares drop following CEO’s nomination to Trump’s cabinet