Cowen Upgrades Brown Forman (BF-B) to Market Perform

Cowen upgraded Brown Forman (NYSE: BF-B) from Outperform to Market Perform with a price target of $111.00.

Analyst Vivien Azer commented, "We downgrade BFB from Outperform to Market Perform, as the shares are within striking distance of our $111 target price. While we remain constructive on bourbon, and BFB's consistent long-term growth, with revenue growth decelerating in U.S. tracked-channels, and emerging markets remaining challenged, we see less opportunity for positive EPS revisions in the near-term."

For an analyst ratings summary and ratings history on Brown Forman click here. For more ratings news on Brown Forman click here.

Shares of Brown Forman closed at $108.10 yesterday.

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