JPMorgan lowered the firm’s price target on Brown-Forman (BF.B) to $28 from $34 and keeps an Underweight rating on the shares. The company “negatively surprised” on both fiscal Q4 results and the fiscal 2026 outlook, which “pours additional fuel” on the structural versus cyclical debate, the analyst tells investors in a research note. The firm says the significant drop in shares post earnings reflects both lowered estimates and de-rating to a peer average multiple. JPMorgan does not see a catalyst for near-term material improvement in investor sentiment. With Brown-Forman’s recent disappointments and lack of visibility to potential inflection, it is “prudent to remain cautious,” the analyst contends.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BF.B:
- Brown-Forman downgraded to Neutral from Outperform at BNP Paribas Exane
- Brown-Forman Reports Fiscal 2025 Earnings Amid Challenges
- Brown-Forman Stock (BF.B) Crashes 18% after Alcohol Giant Warns of Tariff Risks
- Trump-Xi call focuses on trade, PVH reports Q2 beat: Morning Buzz
- Morning Movers: Brown-Forman plummets following fourth quarter results
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue