Brown-Forman B (BF.B) Gets a Sell from Morgan Stanley
In a report released yesterday, Eric Serotta from Morgan Stanley maintained a Sell rating on Brown-Forman B (BF.B – Research Report), with a price target of $29.00. The company’s shares closed yesterday at $27.25.
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According to TipRanks, Serotta is an analyst with an average return of -6.0% and a 56.00% success rate. Serotta covers the Consumer Defensive sector, focusing on stocks such as Celsius Holdings, Brown-Forman B, and Boston Beer.
The word on The Street in general, suggests a Hold analyst consensus rating for Brown-Forman B with a $37.94 average price target.
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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