RBC Capital keeps a Sector Perform rating and $30 price target on Brown-Forman (BF.B), noting that the firm expects sluggish category trends in the US and developed markets to cloud topline visibility. Jack Daniels Blackberry is off to a strong start, which is encouraging, but category dynamics are weighing on JD Black Label, which is key for the topline to see sustained improvement, the analyst tells investors in a research note.
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: