Brown-Forman (NASDAQ:BF/B) had its target price boosted by UBS Group from $60.00 to $64.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.
Several other research firms have also weighed in on BF/B. MKM Partners started coverage on shares of Brown-Forman in a report on Friday, September 20th. They issued a neutral rating and a $59.00 target price on the stock. Morgan Stanley upped their target price on shares of Brown-Forman from $51.00 to $56.00 and gave the company an equal weight rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price target on Brown-Forman from $54.00 to $60.00 and gave the stock a neutral rating in a report on Thursday, August 29th. BMO Capital Markets raised their price objective on shares of Brown-Forman from $52.00 to $55.00 and gave the stock a market perform rating in a report on Thursday, August 29th. Finally, Evercore ISI reissued an in-line rating and issued a $60.00 target price on shares of Brown-Forman in a research report on Thursday, September 19th. Eleven investment analysts have rated the stock with a hold rating, Brown-Forman presently has an average rating of Hold and a consensus target price of $59.50.
Shares of Brown-Forman stock opened at $63.35 on Friday. The firm has a fifty day moving average of $64.24 and a two-hundred day moving average of $58.29.
The firm also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 5th will be given a $0.1743 dividend. The ex-dividend date is Wednesday, December 4th. This is a boost from Brown-Forman’s previous dividend of $0.17.
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs.
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