Truist Securities Maintains Buy on Brown-Forman, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Brown-Forman (NYSE:BF) but has lowered the price target from $80 to $50.

June 12, 2024 | 4:32 pm
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Truist Securities has maintained a Buy rating on Brown-Forman but has significantly lowered the price target from $80 to $50.
The significant reduction in the price target from $80 to $50 suggests a more cautious outlook on Brown-Forman's future performance, which could negatively impact short-term investor sentiment despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100