Evercore ISI Reiterates In-Line Rating for Brown-Forman (NASDAQ:BF/B)

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Brown-Forman (NASDAQ:BF/B)‘s stock had its “in-line” rating restated by research analysts at Evercore ISI in a note issued to investors on Thursday, BenzingaRatingsTable reports. They presently have a $60.00 price target on the stock. Evercore ISI’s price target indicates a potential downside of 5.73% from the company’s previous close.

Several other brokerages also recently issued reports on BF/B. Barclays lifted their price objective on Brown-Forman from $51.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. Deutsche Bank lifted their price objective on Brown-Forman from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. BMO Capital Markets lifted their price objective on Brown-Forman from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 29th. SunTrust Banks lifted their price objective on Brown-Forman from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th. Finally, UBS Group lifted their price objective on Brown-Forman from $57.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Ten research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $58.60.

Shares of NASDAQ:BF/B opened at $63.65 on Thursday. The company has a 50 day moving average price of $58.89.

About Brown-Forman

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.

Further Reading: How analysts view the yield curve

Analyst Recommendations for Brown-Forman (NASDAQ:BF/B)

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