Shares of BF-B (NASDAQ:BF-B) were down 0.7% during trading on Friday . The stock traded as low as $62.05 and last traded at $63.10, approximately 406,993 shares changed hands during trading. The stock had previously closed at $63.57.
A number of research analysts recently weighed in on the stock. Evercore ISI cut shares of BF-B from an “in-line” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research note on Thursday, September 19th. Redburn Partners lowered BF-B from a “buy” rating to a “neutral” rating in a research note on Friday, October 11th. Finally, Cfra lowered BF-B from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock has a consensus rating of “Sell” and an average price target of $54.00.
The firm has a 50-day moving average of $65.18 and a 200-day moving average of $59.44.
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskey, vodka, tequilas, champagnes, brandy, and liqueur. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Korbel, Woodford Reserve, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Early Times, Old Forester, Pepe Lopez, Antiguo, Coopers' Craft, Collingwood, and Slane Irish brands.
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