J.P. Morgan: Underlying Trends Look Solid for Brown-Forman - Brown Forman Inc Class B Common Stock (NYSE:BF/B)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a research report published today by J.P. Morgan, Brown-Forman Corp.'s (NYSE: BF.B) recent miss was mainly due to factors affecting reported sales.J.P. Morgan further commented in the report, “As we had highlighted yesterday, headwinds to sales included shipment timing, FX and brand divestitures. These amounted to -7% vs. our -4% forecast. The remainder of the P&L was relatively in line with SG&A/sales and ad/sales coming in a little higher than our model.” J.P. Morgan maintains its Neutral rating on Brown-Forman, which is currently trading at $80.00.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!