Evercore ISI lowered the firm’s price target on Brown-Forman (BF.A) (BF.B) to $30 from $38 and keeps an In Line rating on the shares. Brown-Forman’s quarterly report “paints a challenging picture for FY26” with guidance that “significantly” missed Street expectations highlighting ongoing pressures in the spirits category and potential disruptions from distributor changes, the analyst tells investors in a post-earnings note. The firm expects near-term volatility until there are clearer signs of recovery in the spirits category and resolution of tariff uncertainties, the analyst added.
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Read More on BF.B:
- Cautious Hold on Brown-Forman B Amid Earnings Miss and Market Challenges
- Brown-Forman price target lowered to $29 from $32 at Morgan Stanley
- Brown-Forman price target lowered to $30 from $44 at RBC Capital
- Brown-Forman price target lowered to $30 from $37 at BofA
- Brown-Forman price target lowered to $28 from $35 at Citi