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Brown-Forman B (BF.B) Receives a Hold from RBC Capital

Tipranks - Tipranks - Thu Jun 11, 9:00PM CDT

In a report released yesterday, Nik Modi from RBC Capital maintained a Hold rating on Brown-Forman B, with a price target of $27.00.

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Modi covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, The Hershey Company, and Coca-Cola. According to TipRanks, Modi has an average return of -2.5% and a 48.60% success rate on recommended stocks.

In addition to RBC Capital, Brown-Forman B also received a Hold from Bank of America Securities’s Andrea Pistacchi in a report issued on June 8. However, on the same day, 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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