BofA analyst Andrea Pistacchi lowered the firm’s price target on Brown-Forman (BF.B) (BF.A) to $26.50 from $28.50 and keeps an Underperform rating on the shares as the firm refreshed estimates in the context of its Beverages 2026 Year Ahead note. The firm is more confident that Brown-Forman will deliver its full-year guidance of low-single digit organic sales decline after first half results, but believes it will be difficult for Brown-Forman to deliver the organic EBIT guidance of “low-single-digit decline,” the analyst says.
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