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Fly News Breaks for June 10, 2019
BFB, BF.B
Jun 10, 2019 | 05:58 EDT
Barclays analyst Lauren Lieberman raised her price target for Brown-Forman to $60 from $51 while keeping an Equal Weight rating on the shares. While the company's fiscal Q4 results were "disappointing on several fronts," it is entering the new fiscal year with "relatively fewer unknowns," Lieberman tells investors in a research note. Potential headwinds from European tariffs are known and already baked into the fiscal 2020 outlook and consensus numbers, says the analyst.
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