EU: Brown-Forman (BFB) Rating Decreased to “Hold” by Pivotal Research Group With $65.0 Target Price per Share. Lost Its Old “Buy” Rating

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NewYork Brown-Forman BFB

Brown-Forman (BFB) Change of Rating

Brown-Forman (BFB) was cut by Pivotal Research Group from “Buy” rating to “Hold” rating in a report revealed to clients and investors on Thursday, 7 December. The firm currently has a $65.0 TP on the stock. Pivotal Research Group’s TP means a potential downside of -34.46 % from the stock’s last stock price.

The rating downgrade is noticed by equity trades, as BFB is now trading 0.00% lower at $0.00 as of 10:03 PM New York time. Brown-Forman shares have [From2] 0% in the past 200 days, while the S&P500 Index has increased 6.00% in the same time period.

BFB Stock Chart

Institutional Ownership

Atlas Browninc. had the biggest stake with ownership of 904,348 shares as of Q2 2015 for 18.08% of the equity exposure. Underhill Investment Management Llc is another very bullish investment professional who is having 280,450 shares of Brown-Forman or 7.36% of their equity exposure. Moreover, Pitcairn Co have 4.38% of their equity exposure invested in the company for 741,736 shares. The New York-based fund Tirschwell & Loewy Inc revealed it had purchased a stake worth about 3.62% of the investment professional’s stock portfolio in Brown-Forman. The Connecticut-based fund Chilton Investment Co Llc is also positive about the stock, possessing 458,747 shares or 3.07% of their equity exposure.

Brown-Forman (BFB) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. Brown-Forman has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.

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