UBS Maintains Neutral on Brown-Forman, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Sean King has maintained a Neutral rating on Brown-Forman but has reduced the price target from $70 to $59.
December 07, 2023 | 4:50 pm
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NEGATIVE IMPACT
UBS has maintained a Neutral rating on Brown-Forman and lowered the price target from $70 to $59, indicating a potential downside or limited upside.
The reduction in price target by UBS reflects a more conservative valuation of Brown-Forman, likely due to anticipated challenges or slower growth. This could lead to a negative investor sentiment in the short term and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100