Pivotal Research analyst Timothy Ramey reiterated a Buy rating on Brown-Forman B (BF.B) today and set a price target of $65. The company’s shares opened today at $50.84.
Ramey said:
“We have trimmed our sales growth slightly, but EBIT margins are a bit higher than previously and tax rate is a bit lower.”
According to TipRanks.com, Ramey is a 4-star analyst with an average return of 9.3% and a 58.8% success rate. Ramey covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Post Holdings Inc, and Flowers Foods.
Currently, the analyst consensus on Brown-Forman B is a Hold with an average price target of $51.67.
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The company has a one-year high of $59.58 and a one-year low of $44.57. Currently, Brown-Forman B has an average volume of 1.36M.
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Brown-Forman Corp. engages in the production and distribution of alcoholic beverages. The firm also offers champagne, liqueur, scotch, tequila, vodka, whiskey and wine. Its brands include Jack Daniel, Finlandia, Herradura, El Jimador, New Mix, Canadian Mist, Chambord, Woodford Reserve, Sonoma Cutrer and Korbel.
