Evercore ISI cut shares of Brown-Forman (NYSE:BFB) from an in-line rating to an underperform rating in a research report sent to investors on Thursday. The analysts noted that the move was a valuation call.
Separately, Barclays boosted their price objective on shares of Brown-Forman from $51.00 to $60.00 and gave the company an equal weight rating in a research report on Monday, June 10th.
Shares of NYSE BFB opened at $63.65 on Thursday.
Brown-Forman Company Profile
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.
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