Brown-Forman’s (BF/B) In-Line Rating Reiterated at Evercore ISI

Evercore ISI reissued their in-line rating on shares of Brown-Forman (NASDAQ:BF/B) in a research note released on Thursday, BenzingaRatingsTable reports. The brokerage currently has a $60.00 price objective on the stock.

BF/B has been the topic of several other reports. SunTrust Banks increased their price target on shares of Brown-Forman from $50.00 to $55.00 and gave the company a hold rating in a research note on Thursday, August 29th. Morgan Stanley increased their price target on shares of Brown-Forman from $51.00 to $56.00 and gave the company an equal weight rating in a research note on Thursday, August 29th. UBS Group increased their price target on shares of Brown-Forman from $57.00 to $60.00 and gave the company a neutral rating in a research note on Thursday, August 29th. Deutsche Bank increased their price target on shares of Brown-Forman from $53.00 to $54.00 and gave the company a hold rating in a research note on Thursday, May 30th. Finally, BMO Capital Markets increased their price target on shares of Brown-Forman from $52.00 to $55.00 and gave the company a market perform rating in a research note on Thursday, August 29th. Ten equities research analysts have rated the stock with a hold rating, Brown-Forman has a consensus rating of Hold and an average price target of $58.60.

BF/B opened at $63.65 on Thursday. The company’s 50 day moving average price is $58.89.

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a $0.166 dividend. The ex-dividend date is Thursday, September 5th.

About Brown-Forman

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

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Analyst Recommendations for Brown-Forman (NASDAQ:BF/B)

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