Barclays Maintains Equal-Weight on Brown-Forman, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman maintains an Equal-Weight rating on Brown-Forman (NYSE:BF) and lowers the price target from $59 to $53.

March 08, 2024 | 11:13 am
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Barclays maintains an Equal-Weight rating on Brown-Forman and lowers the price target from $59 to $53.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Brown-Forman. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the lowered price target indicates a revision of expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100