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Brown-Forman price target lowered to $31 from $38 at Barclays

Barclays analyst Lauren Lieberman lowered the firm’s price target on Brown-Forman (BF.B) to $31 from $38 and keeps an Overweight rating on the shares. The company’s fiscal 2026 guidance for a low-single-digit decline on organic sales and operating profit came in well below market expectations, the analyst tells investors in a research note. The firm says the outlook will add fuel to the “already lively” structural versus cyclical debate around beverage alcohol. However, Barclays believes there was little from Brown-Forman’s update to suggest the weakness is a result of a permanent change in consumer demand.

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