Evercore ISI reaffirmed their in-line rating on shares of Brown-Forman (NASDAQ:BF/B) in a research report report published on Thursday, BenzingaRatingsTable reports. They currently have a $60.00 price objective on the stock.

A number of other research firms also recently commented on BF/B. UBS Group lifted their target price on shares of Brown-Forman from $57.00 to $60.00 and gave the stock a neutral rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. lifted their target price on shares of Brown-Forman from $54.00 to $60.00 and gave the stock a neutral rating in a research report on Thursday, August 29th. Deutsche Bank lifted their target price on shares of Brown-Forman from $53.00 to $54.00 and gave the stock a hold rating in a research report on Thursday, May 30th. SunTrust Banks lifted their target price on shares of Brown-Forman from $50.00 to $55.00 and gave the stock a hold rating in a research report on Thursday, August 29th. Finally, Morgan Stanley lifted their target price on shares of Brown-Forman from $51.00 to $56.00 and gave the stock an equal weight rating in a research report on Thursday, August 29th. Ten investment analysts have rated the stock with a hold rating, Brown-Forman currently has an average rating of Hold and an average price target of $58.60.

NASDAQ:BF/B opened at $63.65 on Thursday. The business’s 50 day simple moving average is $58.89.

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be given a dividend of $0.166 per share. The ex-dividend date of this dividend is Thursday, September 5th.

Brown-Forman Company Profile

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.

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Analyst Recommendations for Brown-Forman (NASDAQ:BF/B)

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