Needham analyst Gerald Pascarelli has reiterated their neutral stance on BF.B stock, giving a Hold rating today.
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Gerald Pascarelli has given his Hold rating due to a combination of factors impacting Brown-Forman B’s stock. The company recently reported earnings that fell short of expectations, along with a fiscal year 2026 guidance that was significantly lower than anticipated, which does little to inspire confidence in the near-term outlook. The market will likely need to adjust revenue and earnings per share estimates downward, and there is concern that the ongoing challenges in the distilled spirits market may not be temporary, as previously hoped.
Despite the stock’s valuation appearing attractive following a selloff, several issues persist that warrant caution. These include weak consumer demand, an oversupply of whiskey, challenges faced by consumers, and uncertainties related to tariffs. As a result, Pascarelli has decided to maintain a Hold rating, reflecting a cautious stance amid these ongoing uncertainties.
According to TipRanks, Pascarelli is an analyst with an average return of -1.7% and a 42.47% success rate. Pascarelli covers the Consumer Defensive sector, focusing on stocks such as Celsius Holdings, Molson Coors, and Constellation Brands.
In another report released today, RBC Capital also maintained a Hold rating on the stock with a $30.00 price target.