Brown-Forman Corp (NASDAQ:BF/B) traded up 0.2% on Friday . The company traded as high as $69.44 and last traded at $69.34, 899,020 shares traded hands during mid-day trading. The stock had previously closed at $69.21.
BF/B has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on Brown-Forman from $48.00 to $52.00 and gave the stock an “underweight” rating in a research report on Monday, June 8th. UBS Group reiterated a “sell” rating and set a $56.00 target price (down previously from $64.00) on shares of Brown-Forman in a research report on Wednesday, May 27th. Finally, Deutsche Bank lifted their price target on shares of Brown-Forman from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Wednesday, June 10th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Brown-Forman currently has a consensus rating of “Hold” and a consensus price target of $58.70.
The stock has a 50 day moving average price of $65.82 and a 200-day moving average price of $64.31.
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. 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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