Barclays Upgrades Brown-Forman to Overweight, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has upgraded Brown-Forman (NYSE:BF) from Equal-Weight to Overweight and increased the price target from $43 to $53.
September 30, 2024 | 1:36 pm
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POSITIVE IMPACT
Barclays has upgraded Brown-Forman to Overweight and increased its price target to $53, indicating a positive outlook on the stock.
The upgrade from Equal-Weight to Overweight by Barclays suggests increased confidence in Brown-Forman's performance. The raised price target from $43 to $53 indicates expectations of stock price appreciation, likely leading to positive short-term market reactions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100