Brown‑Forman Corporation (NYSE:BF-B) is included among the 10 Best Dividend-Paying Beverage Stocks to Buy Now.
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Brown‑Forman Corporation (NYSE:BF-B) is a global leader in the spirits industry. With approximately 5,000 employees worldwide, the company proudly shares its passion for fine-quality spirits in more than 170 countries.
On May 20, Citi analyst Filippo Falorni trimmed the firm’s price target on Brown‑Forman Corporation (NYSE:BF-B) from $31 to $26, while maintaining a ‘Neutral’ rating on the shares. The lowered target, which reflects a downside of 1% from the current share price, comes ahead of the company’s upcoming Q4 2026 report on June 4. The analyst firm expects investors to return focus on Brown Forman’s “challenging” fundamentals, now that the recent takeover news from Sazerac has “quieted down”.
The saga started when Brown‑Forman Corporation (NYSE:BF-B) and France’s Pernod Ricard disclosed talks over a possible merger earlier this year. Those talks ended last month after the two companies failed to reach an agreement. Subsequently, the privately-owned Sazerac emerged as a suitor for the Jack Daniel’s maker and made a $15 billion takeover offer for the company. However, the offer was officially rejected by Brown-Forman on May 13.
According to analysts, a potential deal between the two Kentucky neighbors would have created a dominant player controlling around 30% of the American whiskey market.
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