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Brown-Forman B (BF.B) Gets a Sell from Morgan Stanley

Tipranks - Tipranks - Mon Jun 8, 7:40PM CDT

Morgan Stanley analyst Eric Serotta resumed coverage with a Sell rating on Brown-Forman B on June 5 and set a price target of $23.00. The company’s shares closed last Friday at $26.16.

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According to TipRanks, Serotta is an analyst with an average return of -6.1% and a 48.00% success rate. Serotta covers the Consumer Defensive sector, focusing on stocks such as Philip Morris, Celsius Holdings, and Altria Group.

The word on The Street in general, suggests a Hold analyst consensus rating for Brown-Forman B with a $26.19 average price target, implying a 0.11% upside from current levels. In a report released on June 4, Bank of America Securities also maintained a Sell rating on the stock with a $26.50 price target.

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Based on Brown-Forman B’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $912 million and a net profit of $54 million. In comparison, last year the company earned a revenue of $894 million and had a net profit of $146 million

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