Brown-Forman B Receives a Hold from RBC Capital

By Jason Carr

In a report released today, Mirco Badocco from RBC Capital reiterated a Hold rating on Brown-Forman B (NYSE: BF.B), with a price target of $51. The company’s shares closed last Friday at $52.93, close to its 52-week high of $53.29.

According to TipRanks.com, Badocco is a 3-star analyst with an average return of 6.0% and a 66.7% success rate. Badocco covers the Consumer Goods sector, focusing on stocks such as British American Tobacco, Estee Lauder Companies, and Mondelez International.

Brown-Forman B has an analyst consensus of Hold, with a price target consensus of $51.

The company has a one year high of $53.29 and a one year low of $43.72. Currently, Brown-Forman B has an average volume of 896.3K.

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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. Its brands include Jack Daniel, Finlandia, Herradura, El Jimador, New Mix, Canadian Mist, Chambord, Woodford Reserve, Sonoma Cutrer, and Korbel. The company was founded by George Garvin Brown in 1870 and is headquartered in Louisville, KY.