Constellation Brands offers to buy Brown-Forman
Brown-Forman Corporation (NYSE:BF.A) has risen 3.71% since May 25, 2016 and is uptrending. They now have a Dollars 94 price target on the stock. The stock has “Hold” rating by SunTrust on Thursday, December 22. They now have a Dollars 45 price target on the stock. The stock has “Outperform” rating by Credit Suisse on Friday, September 16.
A look at some of the inputs to technical analysis model shows how Ally Financial Inc. current price compares to its recent moving averages.
Brown-Forman was downgraded to “neutral” by analysts at Evercore ISI. The stock of Brown-Forman Corporation (NYSE:BF.B) earned “Buy” rating by Sterne Agee CRT on Tuesday, July 21. They now have a Dollars 100 price target on the stock. Stifel Nicolaus maintained Brown-Forman Corporation (NYSE:BF.B) on Wednesday, March 8 with “Hold” rating.
01/04/2016 – Brown-Forman was downgraded to “sector perform” by analysts at RBC Capital. Stifel Nicolaus downgraded the shares of BF.B in report on Friday, October 23 to “Hold” rating.
Going from the most bullish analyst price target to below consensus is one thing.
09/14/2015 – Brown-Forman had its “buy” rating reiterated by analysts at Deutsche Bank.
Chemical Financial Corporation is a financial holding company. They now have a Dollars 90 price target on the stock. Brown-Forman had a net margin of 26.81% and a return on equity of 50.00%. The brokerage now has a $51.00 price target on the stock.
Brown-Forman declined to comment, while Constellation Brands did not immediately respond to a request seeking comment. Bbr Partners Llc who had been investing in Brown Forman Corp for a number of months, seems to be bullish on the $23.78B market cap company. The Firm makes, bottles, imports, exports, markets and sells a range of alcoholic beverages. The company owns brands including Corona and Modelo beers, Robert Mondavi wines and Svedka Vodka.
Brown-Forman Corporation shares soared more than 5% when the news broke before being briefly halted.