TD Cowen maintains Hold on Brown-Forman, raises target to $29
TD Cowen analyst Seamus Cassidy maintained a Hold rating on Brown-Forman (NYSE: BF) and raised the price target to $29 from $25.
*this image is generated using AI for illustrative purposes only.
TD Cowen analyst Seamus Cassidy has maintained a Hold rating on Brown-Forman (NYSE: BF) while raising the price target for the stock. The new target is set at $29, an increase from the previous estimate of $25.
Rating and Price Action
The brokerage firm adjusted its valuation outlook for the spirits company, signaling a revised expectation for the stock's performance potential. The decision to maintain a Hold rating suggests that the stock is expected to perform in line with the broader market or sector averages in the near term.
| Metric | Value |
|---|---|
| Rating | Hold |
| Previous Price Target | $25 |
| New Price Target | $29 |
What factors drove TD Cowen to raise the price target while maintaining a Hold rating?
How might Brown-Forman's upcoming earnings report influence future analyst ratings?
What are the key risks or opportunities for Brown-Forman in the current spirits market?
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
