Credit Suisse Starts Brown Forman (BF-B) at Outperform

September 16, 2016 6:58 AM EDT
Get Alerts BF-B Hot Sheet
Price: $44.97 +0.83%

Rating Summary:
    5 Buy, 10 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 30 | New: 42
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Credit Suisse initiates coverage on Brown Forman (NYSE: BF-B) with a Outperform rating and a price target of $52.00.

Analyst Laurent Grandet commented, "We are initiating coverage of Brown-Forman with an Outperform rating and a $52 target price. Our estimates are generally in-line with the consensus for FY17/18. We believe the company's recent reshuffle of its portfolio lineup, including the divestiture of Southern Comfort and the investments in Scotch and Irish whisky, will lead to higher returns and long-term sustainable growth. We think the recent share price decline following Q1 earnings provides an attractive entry point for investors."

For an analyst ratings summary and ratings history on Brown Forman click here. For more ratings news on Brown Forman click here.

Shares of Brown Forman closed at $45.62 yesterday.



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