Brown-Forman price target lowered to $53 from $57.50 at Bernstein

Bernstein lowered the firm’s price target on Brown-Forman (BF.B) to $53 from $57.50 and keeps an Outperform rating on the shares ahead of quarterly results. Between tariff risks and the pressure on the U.S. consumer, Brown-Forman finds itself in the eye of the “Trump storm,” the firm says. Uncertainty dominates and many root causes can be traced to decisions in the Oval Office, Bernstein adds.