Morgan Stanley Upgrades Brown-Forman to "Equal-Weight" (BF-B)

Morgan Stanley Upgrades Brown-Forman to “Equal-Weight” (BF-B)

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Morgan Stanley analysts upgraded alcoholic beverage maker Brown-Forman Corporation (BF-B) on Friday, as the company’s revenue risks have subsided.

The analysts upgraded BF-B from “Underweight” to “Equal-Weight.”

A Morgan Stanley analyst commented, “There are two reasons for our upgrade: 1) revenue risk has subsided, and 2) recent stock price underperformance makes valuation less stretched.”

Brown-Forman shares were up $2.02, or +3.04%, during morning trading on Friday. The stock is up +8.09% year-to-date.

The Bottom Line
Shares of Brown-Forman (BF-B) have a dividend yield of 1.50% based on Friday’s intraday trading price of $68.15 and the company’s annualized dividend payout of $1.02 per share.

Brown-Forman Corporation (BF-B) is not recommended at this time, holding a Dividend.com 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.

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