On June 6, 2025, JP Morgan's analyst Andrea Teixeira announced the latest updates regarding Brown-Forman (BF/B, Financial). The financial giant has maintained its "Underweight" rating for the stock. Previously, Brown-Forman (BF/B) was rated at "Underweight," and this rating remains unchanged.
However, there has been a significant adjustment in the price target set by JP Morgan. The price target for Brown-Forman (BF/B, Financial) has been lowered from $34.00 to $28.00 USD. This adjustment reflects a decrease of 17.65% from the previous target.
The changes in the price target indicate a cautious outlook by JP Morgan, as they analyze the company's future financial performance. Investors in Brown-Forman (BF/B, Financial) should take note of this downward adjustment, which could influence market perceptions and investment strategies.