Brown-Forman Corp.

Goldman Sachs, in light of reported 4QFY11E results from the company, is raising its price target on Brown-Forman Corp. (NYSE: BF-B) from $73 to $76. Says Goldman Sachs, in the report, “BFB reported adjusted 4QFY11E EPS of $0.80, which excludes $0.26 one- time gains from the sale of the Hopland-...

Goldman Sachs has raised the price target on Brown-Forman (NYSE: BF'B) from $73 to $76 and maintains its Neutral rating.

Brown-Forman Corporation (NYSE:BF.B) saw global volume trends remain solid, but the price/mix remains the biggest challenge in a weak consumer environment, Deutsche Bank reports, which expects earnings to ramp up through FY2011. 1Q results were better than expected for EPS estimates ($0.76 vs. $0....

Brown-Forman Corporation (NYSE:BF.B) reported 1QFY2011 EPS of $0.76, below the $0.81 estimate from Goldman Sachs. FY2011 guidance has been reaffirmed by Brown-Forman at $2.98-$3.38 and is expecting results in the upper half of the guidance range, according to Goldman. FY2011 EPS from Goldman have...

Brown-Forman Corporation (NYSE: BF-B) is expected to see local current sales to grow 6% in 1Q11, following suit with the 5.3% growth the company saw in its last quarter, Citigroup reports. Mixed margins are in the forecast, around 51.6% (up 10bps y/y) due to relatively low commodity costs and...