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Brown-Forman B (BF.B) was upgraded to a Hold Rating at Bank of America Securities

Tipranks - Tipranks - Tue Jun 9, 4:12AM CDT

Brown-Forman B received a Hold rating and a $28.00 price target from Bank of America Securities analyst Andrea Pistacchi today.

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Pistacchi covers the Consumer Defensive sector, focusing on stocks such as Brown-Forman B, Diageo, and Coca-Cola Europacific Partners. According to TipRanks, Pistacchi has an average return of -3.6% and a 38.30% success rate on recommended stocks.

In addition to Bank of America Securities, Brown-Forman B also received a Hold from Citi’s Filippo Falorni in a report issued on June 5. However, today, Barclays assigned a Buy rating to Brown-Forman B (NYSE: BF.B).

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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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