Deutsche Bank Maintains Hold Rating for Brown Forman Inc Class B Common Stock: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Deutsche Bank has maintained its Hold rating for Brown Forman Inc Class B Common Stock (NYSE:BF) and raised its price target from $65.00 to $66.00. The current share price is $67.63, meaning the new target would represent a 2.41% decrease. Brown-Forman is a U.S.-based manufacturer of premium distilled spirits, with the majority of its revenues coming from the whiskey category.
August 21, 2023 | 5:00 pm
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Deutsche Bank has maintained its Hold rating for Brown Forman Inc Class B Common Stock and raised its price target. This could potentially lead to a short-term decrease in the stock price.
The news of Deutsche Bank maintaining its Hold rating and raising its price target for Brown Forman Inc Class B Common Stock could potentially lead to a short-term decrease in the stock price. This is because the new price target is lower than the current share price, which could lead investors to sell their shares, driving the price down.
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