Pivotal Research analyst Timothy Ramey maintained a Buy rating on Brown-Forman B (NYSE: BF.B) today and set a price target of $65. The company’s shares opened today at $52.38.
Ramey commented:
“We think in some ways this is an increase in brand investment as the company does not plan to pass through the tariff in pricing immediately or in full.”
According to TipRanks.com, Ramey is a 5-star analyst with an average return of 12.7% and a 68.1% 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 Moderate Buy with an average price target of $56.20.
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The company has a one-year high of $59.58 and a one-year low of $40.04. Currently, Brown-Forman B has an average volume of 1.35M.
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Brown-Forman Corp. engages in the production and distribution of alcoholic beverages. It offers champagne, liqueur, scotch, tequila, vodka, whiskey and wine. The company brands include Jack Daniel, Finlandia, Herradura, El Jimador, New Mix, Canadian Mist, Chambord, Woodford Reserve, Sonoma Cutrer and Korbel.
