Brown-Forman (NASDAQ:BF/B) Given New $67.00 Price Target at Citigroup

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Brown-Forman (NASDAQ:BF/B) had its price target upped by equities research analysts at Citigroup from $57.00 to $67.00 in a note issued to investors on Friday, September 20th, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the stock. Citigroup‘s price objective would indicate a potential upside of 6.38% from the company’s current price.

BF/B has been the subject of a number of other reports. UBS Group lifted their price target on Brown-Forman from $57.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. SunTrust Banks lifted their price target on Brown-Forman from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, August 29th. BMO Capital Markets lifted their price target on shares of Brown-Forman from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 29th. Evercore ISI reiterated an “in-line” rating and set a $60.00 price objective on shares of Brown-Forman in a research report on Thursday, September 19th. Finally, MKM Partners initiated coverage on shares of Brown-Forman in a report on Friday, September 20th. They set a “neutral” rating and a $59.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating, Brown-Forman currently has an average rating of “Hold” and an average price target of $58.60.

NASDAQ:BF/B traded up $0.37 during mid-day trading on Friday, reaching $62.98. The stock had a trading volume of 1,225,576 shares. The business has a fifty day simple moving average of $61.70 and a 200 day simple moving average of $55.28.

Brown-Forman Company Profile

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.

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Analyst Recommendations for Brown-Forman (NASDAQ:BF/B)

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