Date | Price Target | Rating | Analyst |
---|---|---|---|
4/2/2024 | $52.00 | Sell → Neutral | Citigroup |
1/29/2024 | $68.00 → $58.00 | Overweight → Equal-Weight | Morgan Stanley |
9/11/2023 | $73.00 → $76.40 | Mkt Perform → Outperform | Bernstein |
8/31/2023 | $66.00 → $69.00 | Neutral | ROTH MKM |
8/23/2023 | $66.00 → $75.00 | Underweight → Overweight | Morgan Stanley |
6/8/2023 | $60.00 → $68.00 | Underperform → In-line | Evercore ISI |
3/9/2023 | $66.00 | Underweight | Morgan Stanley |
2/17/2023 | $62.00 | Sell | Citigroup |
10-Q - BROWN FORMAN CORP (0000014693) (Filer)
8-K - BROWN FORMAN CORP (0000014693) (Filer)
8-K - BROWN FORMAN CORP (0000014693) (Filer)
SC 13G/A - BROWN FORMAN CORP (0000014693) (Subject)
SC 13G/A - BROWN FORMAN CORP (0000014693) (Subject)
SC 13G - BROWN FORMAN CORP (0000014693) (Subject)
Brown-Forman Corp (NYSE: BF-B) (NYSE: BF-A) reported first-quarter FY24 sales growth of 3% year-on-year to $1.04 billion, missing the analyst consensus of $1.05 billion. EPS of $0.48 missed the analyst consensus of $0.53. The gross margin expanded 100 basis points Y/Y to 62.7%. The operating margin contracted 250 basis points to 31.5%, and operating income for the quarter fell 4% to $327 million. The company held $426 million in cash and equivalents as of July 31, 2023. Cash provided by operating activities totaled $38 million. "As anticipated, our first quarter growth was impacted by the difficult shipment comparison from fiscal 2023, when we rebuilt inventory impacted by prior glass su
The U.S. Supreme Court heard arguments in a trademark clash between Brown-Forman Corp (NYSE: BF-B) owned Jack Daniel's and a dog accessory company. The case is about a parody chew toy that resembles the distiller's black-label whiskey bottle, reported Reuters. This is a case of Jack Daniel's trademark rights against legal protections for creative expression by VIP Products LLC. The report added that Jack Daniel's Properties Inc had appealed a lower court's ruling that VIP's vinyl chew toy qualifies as an "expressive work" protected by the U.S. Constitution's First Amendment. Industry groups that support the Tennessee-based whiskey brand, say the dispute is important for corporate Ameri
Wedbush analyst Gerald Pascarelli initiates coverage on Brown-Forman (BATS:BF) with a Neutral rating and announces Price Target of $70.
Citigroup upgraded Brown-Forman from Sell to Neutral and set a new price target of $52.00
Morgan Stanley downgraded Brown-Forman from Overweight to Equal-Weight and set a new price target of $58.00 from $68.00 previously
Bernstein upgraded Brown-Forman from Mkt Perform to Outperform and set a new price target of $76.40 from $73.00 previously
3 - BROWN FORMAN CORP (0000014693) (Issuer)
3 - BROWN FORMAN CORP (0000014693) (Issuer)
4 - BROWN FORMAN CORP (0000014693) (Issuer)