Brown-Forman’s (BF/B) Neutral Rating Reaffirmed at Redburn Partners

Redburn Partners reaffirmed their neutral rating on shares of Brown-Forman (NASDAQ:BF/B) in a research report sent to investors on Friday, BenzingaRatingsTable reports.

A number of other equities research analysts have also commented on the company. Citigroup increased their price target on Brown-Forman from $57.00 to $67.00 and gave the company a neutral rating in a research report on Friday, September 20th. JPMorgan Chase & Co. increased their price target on Brown-Forman from $54.00 to $60.00 and gave the company a neutral rating in a research report on Thursday, August 29th. SunTrust Banks increased their price target on Brown-Forman from $50.00 to $55.00 and gave the company a hold rating in a research report on Thursday, August 29th. Morgan Stanley increased their price target on Brown-Forman from $51.00 to $56.00 and gave the company an equal weight rating in a research report on Thursday, August 29th. Finally, Evercore ISI reissued an in-line rating and issued a $60.00 price target on shares of Brown-Forman in a research report on Thursday, September 19th. Eleven analysts have rated the stock with a hold rating, Brown-Forman has a consensus rating of Hold and an average target price of $58.60.

Shares of BF/B traded up $0.37 during trading hours on Friday, reaching $62.98. The stock had a trading volume of 1,225,576 shares. The stock’s 50 day moving average is $61.70 and its 200-day moving average is $55.28.

The firm also recently announced a dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $0.166 per share. The ex-dividend date of this dividend was Thursday, September 5th.

Brown-Forman Company Profile

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: Percentage Gainers

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

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