Information Provided By:
Fly News Breaks for December 7, 2017
BUD, BFB, BFA, BF.A, BF.B
Dec 7, 2017 | 08:08 EDT
Stifel analyst Mark Swartzberg raised his estimates for Brown-Forman (BF.B) and increased his price target on the shares to $69, stating that the company's Q2 report offered further evidence of an increased emphasis on volume and he sees it as likely to continue delivering upper single-digit operating income growth annually. However, he keeps a Hold rating on the name, citing his preference for other investments in the sector, such as AnheuserBusch InBev (BUD), on which he has a Buy.