Citi lowered the firm’s price target on Brown-Forman (BF.B) to $24 from $27 and keeps a Sell rating on the shares. The firm adjusted targets in the beverages and household and personal care sector as part of a Q4 preview. Citi we expects “another subdued quarter,” saying most companies will issue initial 2026 guidance below their long-term targets amid “still muted” U.S. trends. Colgate-Palmolive is the analyst’s top overall pick. Celsius is Citi’s top pick in beverage.
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