Bank of America Securities Sticks to Their Sell Rating for Brown-Forman B (BF.B)

Bank of America Securities analyst Andrea Pistacchi maintained a Sell rating on Brown-Forman B yesterday and set a price target of $30.00. The company’s shares closed yesterday at $28.97.

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Pistacchi covers the Consumer Defensive sector, focusing on stocks such as Diageo, Anheuser-Busch Inbev Sa, and Coca-Cola Europacific Partners. According to TipRanks, Pistacchi has an average return of -3.4% and a 40.54% success rate on recommended stocks.

Currently, the analyst consensus on Brown-Forman B is a Hold with an average price target of $32.38, which is an 11.77% upside from current levels. In a report released on August 20, J.P. Morgan also maintained a Sell rating on the stock with a $30.00 price target.

Based on Brown-Forman B’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $894 million and a net profit of $146 million. In comparison, last year the company earned a revenue of $964 million and had a net profit of $266 million