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MKM Partners Maintains a Hold Rating on Brown-Forman B (BF.B)

MKM Partners analyst William Kirk maintained a Hold rating on Brown-Forman B (BF.BResearch Report) today and set a price target of $71.00. The company’s shares closed last Wednesday at $67.65.

According to TipRanks.com, Kirk has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.8% and a 41.9% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as United Natural Foods, Constellation Brands, and Albertsons Companies.

The word on The Street in general, suggests a Hold analyst consensus rating for Brown-Forman B with a $70.67 average price target, which is a 6.0% upside from current levels. In a report issued on June 1, Deutsche Bank also maintained a Hold rating on the stock with a $68.00 price target.

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Brown-Forman B’s market cap is currently $31.03B and has a P/E ratio of 39.29.

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Kentucky-based Brown-Forman Corporation, founded in 1870, produces and distributes alcoholic beverages including whiskey, scotch, tequila, vodka, liquer, and wine. Its brands include Jack Daniel’s, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Old Forester, Early Times, Slane Irish Whiskey, Coopers’ Craft, el Jimador, Herradura, New Mix, Pepe Lopez, Antiguo, Finlandia, Korbel Champagne, and Sonoma-Cutrer.

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