Brown-Forman (NASDAQ:BF/B) Given New $64.00 Price Target at Morgan Stanley

Brown-Forman (NASDAQ:BF/B) had its price objective decreased by Morgan Stanley from $66.00 to $64.00 in a report issued on Thursday morning, Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

NASDAQ:BF/B opened at $75.54 on Thursday. The stock has a 50 day simple moving average of $76.66.

The business also recently announced a dividend, which will be paid on Thursday, July 1st. Investors of record on Tuesday, June 8th will be given a $0.1795 dividend. The ex-dividend date of this dividend is Monday, June 7th.

About Brown-Forman

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs.

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