RBC Capital Maintains Sector Perform on Brown-Forman, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi maintains a Sector Perform rating on Brown-Forman (NYSE:BF) but lowers the price target from $56 to $49.
June 06, 2024 | 2:34 pm
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RBC Capital has maintained its Sector Perform rating on Brown-Forman but has lowered the price target from $56 to $49.
The lowered price target from $56 to $49 by RBC Capital suggests a less optimistic outlook for Brown-Forman's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations accordingly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100