UBS Maintains a 'Neutral' on Brown Forman (BF-B); Solid Trends Continue in F2Q
BF-B Hot Sheet
Rating Summary:1 Buy, 0 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 7 | New: 26
UBS maintains a 'Neutral' on Brown Forman (NYSE: BF-B) price target raised from $76 to $83.
UBS analyst says, "Following 2Q12 EPS, we are updating our estimates for BFB to reflect: 1) ongoing strong volume trends in core brands, 2) sequentially improving price/mix (picking up in 1H13), 3) ongoing GM headwinds from sustained input cost inflation and excise taxes, 4) moderating SG&A spending levels in 2H12, and 5) a higher tax rate in 2H12. Our FY12e EPS goes to $3.69, and our FY13e EPS goes to $4.16."
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 $80.07 yesterday, with a 52 week range of $62.14-$81.50.
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UBS analyst says, "Following 2Q12 EPS, we are updating our estimates for BFB to reflect: 1) ongoing strong volume trends in core brands, 2) sequentially improving price/mix (picking up in 1H13), 3) ongoing GM headwinds from sustained input cost inflation and excise taxes, 4) moderating SG&A spending levels in 2H12, and 5) a higher tax rate in 2H12. Our FY12e EPS goes to $3.69, and our FY13e EPS goes to $4.16."
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 $80.07 yesterday, with a 52 week range of $62.14-$81.50.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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