JPMorgan lowered the firm’s price target on Brown-Forman (BF.B) to $34 from $43 and keeps an Underweight rating on the shares ahead of the fiscal Q3 report on March 5. The firm cut estimates on softer consumption trends and the tougher currency environment. JPMorgan notes its estimates do not contemplate potential impact of tariffs on Brown-Forman’s business.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BF.B:
- Brown-Forman price target lowered to $40 from $51 at Barclays
- VOO ETF News, 2/24/2025
- Brown-Forman price target lowered to $38 from $50 at TD Cowen
- Trump Trade: President-elect prepares executive orders to boost fossil fuels
- Brown-Forman price target lowered to $39 from $46 at Citi