Barclays analyst Lauren Lieberman maintained a Buy rating on Brown-Forman B (BF.B – Research Report) on November 27 and set a price target of $49.00. The company’s shares closed last Wednesday at $41.70.
According to TipRanks, Lieberman is a 3-star analyst with an average return of 2.1% and a 51.21% success rate. Lieberman covers the Consumer Defensive sector, focusing on stocks such as Molson Coors, Procter & Gamble, and Church & Dwight.
Currently, the analyst consensus on Brown-Forman B is a Moderate Buy with an average price target of $47.50, a 13.91% upside from current levels. In a report released on November 25, Exane BNP Paribas also initiated coverage with a Buy rating on the stock with a $48.00 price target.
BF.B market cap is currently $19.61B and has a P/E ratio of 20.07.
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Brown-Forman B (BF.B) Company Description:
Kentucky-based Brown-Forman Corporation, founded in 1870, produces and distributes alcoholic beverages including whiskey, scotch, tequila, vodka, liquer, and wine. Its brands include Jack Daniel’s, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Old Forester, Early Times, Slane Irish Whiskey, Coopers’ Craft, el Jimador, Herradura, New Mix, Pepe Lopez, Antiguo, Finlandia, Korbel Champagne, and Sonoma-Cutrer.
Read More on BF.B:
- Brown-Forman rallies after Exane starts at Buy on bottoming spirits demand
- Brown-Forman chairman Campbell Brown to step down
- Brown-Forman initiated with an Outperform at Exane BNP Paribas
- Brown-Forman raises quarterly dividend 4% to 22.65c per share
- Brown-Forman price target lowered to $45 from $48 at BofA
