Analysts Offer Insights on Consumer Goods Companies: Brown-Forman B (NYSE: BF.B), Nestlé SA (Other OTC: NSRGF) and Celsius Holdings (NASDAQ: CELH)We attended Nashville, which was entirely centered around Jack and the strategy to reinvigorate growth in the trademark, which is obviously integral to improving the long-term revenue algorithm. While we believe in BFB's ability to execute on its new strategic priorities and are encouraged by the messaging and authenticity of its new global marketing campaign, BFB is still a "show me" story, and investors will remain skeptical until TDS trends begin to show some form of mean reversion and consumer takeaway for Jack starts to improve. We believe BFB is on the right path, and acknowledge a very attractive valuation, but we expect the shares to remain broadly range bound until BFB shows tangible evidence of a turnaround in trend, which will take some time. We reiterate our Hold rating.