These are top 10 stocks traded on the Robinhood UK platform in July
On Friday, Citi analysts lowered the price target for Brown Forman (NYSE:BFb) stock (NYSE:BF-B) to $28.00 from $35.00, while maintaining a Neutral rating. This adjustment follows a significant miss in Brown Forman’s fiscal fourth-quarter results, with revenue falling short of both consensus and investor expectations. The company cited weaker sales trends, particularly in the U.S. and developed international markets.
Brown Forman’s initial guidance for fiscal year 2026 also came in below expectations. The company projected organic sales growth and operating profit growth in the low single-digit negative range. Management attributed this outlook to ongoing macroeconomic challenges, including tariff-related uncertainties and a decline in expected barrel sales for the year.
Despite the negative sentiment leading up to the earnings release, Brown Forman’s stock traded down approximately 18% following the fiscal fourth-quarter results. The decline reflects the earnings miss and the lower-than-expected guidance for the upcoming fiscal year.
Citi analysts noted that the weakness in the spirits category appears to be cyclical and linked to macroeconomic factors rather than structural changes. The analysts remain Neutral on the stock, citing the difficulty in disproving the structural bear argument given the current trends, but acknowledging that the valuation is already below historical averages.
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