Brown-Forman Downgraded to "Sell" at Goldman Sachs (BF-B)

Brown-Forman Downgraded to “Sell” at Goldman Sachs (BF-B)


Goldman Sachs reported on Friday that they have downgraded alcoholic beverage company, Brown-Forman Corporation(BF-B) to a “Sell”.

The firm announced that they have downgraded BF-B from “Neutral” to a “Sell,” but have increased its price target from $63 to $65. This price target suggests an 8% decline from the stock’s current price of $70.14.

Analysts believe that although the company looks positive on a long term basis, shares that are currently trading are at the top of the valuation range. The firm sees a risk of BF-B seeing a second quarter miss, estimating EPS of 73 cents, compared with the consensus estimate of 78 cents.

Brown-Forman shares were mostly flat during premarket trading Friday. The stock is down -12.32% YTD.

The Bottom Line
Shares of Brown-Forman (BF-B) have a 1.45% dividend yield, based on last night’s closing stock price of $70.14. The stock has technical support in the $66-$67 price area. The stock is trading near all-time highs.

Brown-Forman Corporation(BF-B) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today