Brown Forman Corporation’s (NYSE:BF.B) “Hold” Rating Reiterated at Royal Bank Of Canada
Several other research firms have also weighed in on BF.B. Zacks Investment Research upgraded Brown Forman Corporation from a hold rating to a buy rating and set a $55.00 price target on the stock in a research report on Tuesday, May 9th. Citigroup Inc. lowered Brown Forman Corporation from a buy rating to a neutral rating in a research report on Wednesday, May 24th. Credit Suisse Group lowered Brown Forman Corporation from an outperform rating to a neutral rating and lifted their price target for the company from $51.00 to $53.00 in a research report on Wednesday, June 7th. Societe Generale lowered Brown Forman Corporation from a hold rating to a sell rating in a research report on Thursday, June 8th. Finally, Deutsche Bank AG restated a hold rating and set a $50.00 price target on shares of Brown Forman Corporation in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $50.50.
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The firm also recently declared a dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 5th were issued a dividend of $0.1825 per share. The ex-dividend date was Thursday, June 1st. Brown Forman Corporation’s payout ratio is currently 42.94%.
About Brown Forman Corporation
Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No.
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