Citi analyst Filippo Falorni raised the firm’s price target on Brown-Forman (BF.B) to $31 from $28 and keeps a Neutral rating on the shares. The firm adjusted targets in the beverages, household and personal care group as part of a Q1 preview. Investor focus will be on the sector’s margin risk amid higher oil prices and many commodities, the analyst tells investors in a research note.
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