UBS remains neutral on Brown-Forman Corporation (BF-B), and turns PT to $ 30

Brown Foreman (NYSE:BF-BHe is one of The best widespread trench stocks for purchase now. On June 9, an UBS GROM analyst maintained a neutral classification on brown Forman and reduced the target price from $ 38 to $ 30. The price goal was modified after the company revealed the challenges at the end of the 2015 fiscal year, with future expectations indicating that these issues will continue.

The quarter-quarter results and follow-up of the Brown-Forman Corporation (NYSE: BF-B) for the next year were not less than street estimates. The company’s financial results have raised the investor’s concerns about the current obstacles and whether it will continue in the future or remain a temporary setback.

A close image of whiskey bottles and other alcoholic drinks of the winery plant.

The analyst commented that before the results of the fourth quarter, investors believed that the largest opposite wind was already priced in stocks, and may reduce possible costs to more profits. However, actual profits were not compatible with this optimism, which prompted people to rethink the company’s long -term growth capabilities.

Despite the decrease in stock prices, the Brown-Forman Corporation (NYSE: BF-B) is promising, as it is circulated by about 17x profits, which is less than an average of 5 years is about 33X. Although the evaluation is attractive, the analyst noted that the stock will remain within a specific scope until more persuaded data on the growth of future revenues appears.

BF-B) is the leading American product for excellent alcoholic drinks, known as famous brands such as Jack Daniel’s, Woodford Reserve and Herradura.

Although we acknowledge the BF-B capabilities as an investment, we believe that some artificial intelligence shares provide greater potential in the upward trend and carry less negative risks. If you are looking for a stock of artificial intelligence with less than very apprecia The best inventory of artificial intelligence in the short term.

Read the following: The best and worst Dow stocks for the next 12 months and 10 shares that cannot be stopped can double your money.

Detection: Nothing.