RBC Capital Maintains Sector Perform Rating for Brown Forman Inc Class B Common Stock: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Sector Perform rating for Brown Forman Inc Class B Common Stock (NYSE:BF) but lowered its price target from $68.00 to $67.00. The shares are currently trading at $66.39, up 0.17% over the last 24 hours. A move to $67.00 would represent a 0.92% increase from the current share price.
August 31, 2023 | 5:00 pm
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RBC Capital has maintained its Sector Perform rating for Brown Forman Inc Class B Common Stock but lowered its price target. This could potentially impact the stock's performance in the short term.
The decision by RBC Capital to maintain its Sector Perform rating indicates that they believe the stock will perform in line with the sector average. However, the lowering of the price target could potentially indicate a less optimistic outlook for the stock, which could impact investor sentiment and the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100