Deutsche Bank analyst Steve Powers lowered the firm’s price target on Brown-Forman (BF.B) to $26 from $30 and keeps a Hold rating on the shares.
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Read More on BF.B:
- Brown-Forman price target lowered to $25 from $29 at JPMorgan
- Brown-Forman price target lowered to $27 from $29 at Morgan Stanley
- Brown-Forman price target lowered to $30 from $33 at Barclays
- Brown-Forman price target lowered to $30 from $32 at Evercore ISI
- Brown-Forman sees 100-150bps of gross margin compression in FY27, FY28