Evercore ISI Downgrades BF-B (NASDAQ:BF-B) to Underperform

BF-B (NASDAQ:BF-B) was downgraded by research analysts at Evercore ISI from an “in-line” rating to an “underperform” rating in a research report issued on Thursday, FinViz reports. They presently have a $60.00 price target on the stock. Evercore ISI’s target price would indicate a potential downside of 5.72% from the stock’s current price.

Shares of BF-B opened at $63.64 on Thursday. The stock has a 50 day moving average price of $58.83 and a two-hundred day moving average price of $54.82.

About BF-B

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskey, vodka, tequilas, champagnes, brandy, and liqueur. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Korbel, Woodford Reserve, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Early Times, Old Forester, Pepe Lopez, Antiguo, Coopers' Craft, Collingwood, and Slane Irish brands.

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