Barclays analyst Lauren Lieberman raised the firm’s price target on Brown-Forman to $71 from $70 and keeps an Equal Weight rating on the shares. The company’s fiscal Q1 results felt short of expectations, but fiscal 2024 forecasts “remain comfortably positioned within the reiterated guidance,” the analyst tells investors in a research note.
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Read More on BF.B:
- Brown-Forman price target raised to $69 from $66 at Roth MKM
- Brown-Forman price target lowered to $67 from $68 at RBC Capital
- Brown-Forman sees FY24 organic net sales up 5%-7%
- Brown-Forman reports Q1 EPS 48c, consensus 53c
- Notable companies reporting before tomorrow’s open
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