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What is Wall Street's Target Price for Brown-Forman Corporation Class B (BF.B) Stock Tuesday?

Tuesday, November 07, 2023 01:59 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Brown-Forman Corporation Class B (BF.B) Stock Tuesday?

Wall Street is positive on Brown-Forman Corporation Class B (BF.B). On average, analysts give Brown-Forman Corporation Class B a Buy rating. The average price target is $69.169, which means analysts expect the stock to rise by 16.78% over the next twelve months. That average ranking earns Brown-Forman Corporation Class B an Analyst Rating of 14, which is better than 14% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.1
Wall Street analysts are rating BF.B a Buy today. Find out what this means to you and get the rest of the rankings on BF.B!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Brown-Forman Corporation Class B Stock Today?

Brown-Forman Corporation Class B (BF.B) stock is trading at $59.23 as of 1:53 PM on Tuesday, Nov 7, a rise of $0.26, or 0.44% from the previous closing price of $58.97. The stock has traded between $58.88 and $59.50 so far today. Volume today is light. So far 394,678 shares have traded compared to average volume of 1,598,560 shares. Click Here to get the full Stock Report for Brown-Forman Corporation Class B stock.

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