Bernstein Upgrades Brown Forman (BF-B) to Outperform, 'This whiskey sour just got a lot sweeter'

Bernstein analyst Nadine Sarwat upgraded Brown Forman (NYSE: BF-B) from Market Perform to Outperform with a price target of $76.40.

The analyst comments "Last year, we initiated on Brown-Forman with a Market-Perform rating as its lack of historical pricing prevented us from forecasting meaningful margin expansion after years of compression. But things just got a lot sweeter, and today we upgrade Brown-Forman to Outperform, TP $76.4."

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 $64.31 yesterday.

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