Brown-Forman B (BF.B) was downgraded to a Sell Rating at Morgan Stanley
Morgan Stanley analyst Eric Serotta downgraded Brown-Forman B (BF.B – Research Report) to a Sell today and set a price target of $32.00. The company’s shares closed yesterday at $34.92.
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Serotta covers the Consumer Defensive sector, focusing on stocks such as Celsius Holdings, Philip Morris, and Altria Group. According to TipRanks, Serotta has an average return of -9.0% and a 54.17% success rate on recommended stocks.
In addition to Morgan Stanley, Brown-Forman B also received a Sell from J.P. Morgan’s Andrea Faria Teixeira in a report issued on March 6. However, on March 7, Barclays maintained a Buy rating on Brown-Forman B (NYSE: BF.B).
Based on Brown-Forman B’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.04 billion and a net profit of $270 million. In comparison, last year the company earned a revenue of $1.07 billion and had a net profit of $285 million
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