Brown-Forman Downgraded by Morgan Stanley to “Underweight” (BF.B) - InvestingChannel

Brown-Forman Downgraded by Morgan Stanley to “Underweight” (BF.B)

The stock?s 50-day moving average is currently $N.

Brown-Forman last released its earnings data on Wednesday, December 5th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in 2012, the company posted $1.09 earnings per share. The company?s quarterly revenue was up .0% on a year-over-year basis. Brown-Forman has set its FY13 guidance at $2.58-2.70 EPS.

BF.B has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a ?neutral? rating on shares of Brown-Forman in a research note to investors on Thursday, December 13th. They now have a $66.50 price target on the stock. Separately, analysts at DA Davidson upgraded shares of Brown-Forman from a ?neutral? rating to a ?buy? rating in a research note to investors on Thursday, December 6th. They now have a $75.00 price target on the stock. Finally, analysts at JPMorgan Chase reiterated a ?neutral? rating on shares of Brown-Forman in a research note to investors on Thursday, December 6th. They now have a $75.00 price target on the stock. Brown-Forman Corporation, manufactures, bottles, imports, exports and markets a variety of alcoholic beverage brands.