RBC Capital Maintains Sector Perform Rating for Brown Forman Inc Class B Common Stock: Here's What You Need To Know

RBC Capital has decided to maintain its Sector Perform rating of Brown Forman Inc Class B Common Stock BF and lower its price target from $68.00 to $67.00.

Shares of Brown Forman Inc Class B Common Stock are trading up 0.17% over the last 24 hours, at $66.39 per share.

A move to $67.00 would account for a 0.92% increase from the current share price.

About Brown Forman Inc Class B Common Stock

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and voting power of the company.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.