Bubble or no bubble, this is the best stock for AI exposure: analyst
Investing.com - RBC Capital maintained its Sector Perform rating and $30.00 price target on Brown Forman (NYSE:BF-B), citing mixed performance across the company’s portfolio.
The firm noted that Jack Daniels Blackberry is experiencing a strong start in the market, which it described as encouraging for the spirits maker. Despite this positive development, RBC Capital expressed concerns about broader category dynamics.
These category headwinds are expected to weigh on Jack Daniels Black Label performance, which RBC identified as a crucial component for sustained topline improvement at Brown Forman.
RBC Capital remains cautious on the company’s overall revenue outlook, particularly pointing to sluggish category trends in the United States and other developed markets that could impact sales visibility.
The firm acknowledged that international growth, primarily from emerging markets, should provide some topline support for Brown Forman, but maintained its neutral stance on the stock given the challenging market conditions.
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