Brown-forman Corporation Class B | BF.B

Daily Technical Analysis of Brown-forman Corporation Class B

Brown-forman is up a bit on the day, funds flowing in kept the price up 1.67% since yesterday.

Currently BF.B isn't at a clear support/resistance line that seems tradable. Momentum wise Brown-forman, has been oscillating up and down but hasn't shown much directional energy that would be predictive to the near future. BF.B might find some support at the 57.55 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Brown-forman By Price Target And Rating

The analysts are pretty neutral on Brown-Forman right now, so not much useful information here. The current Analysts Sentiment Score is -1.78. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-01-29 Morgan Stanley downgraded Brown-Forman from Overweight to Equal Weight and decided to decrease their price target by -14.71% down to $58.00. Sanford C. Bernstein upgraded from Market Perform to Outperform on 2023-09-11 and provided a price target boost 4.66% to $76.40 from $73.00. On 2023-09-01 Barclays increased their price target by 1.43% to $71.00. Roth Mkm boosted their price targ by 4.55% to $69.00 on 2023-08-31. Royal Bank of Canada announced a lowering of their price target to $67.00 from $68.00 on 2023-08-31. Deutsche Bank Aktiengesel gave a boost to their price target and moved to $66.00 from $65.00 on 2023-08-21. JPMorgan Chase & Co. provided a price target boost of 1.54% to $66.00 from $65.00 on 2023-06-08. On 2023-03-09 there was confirmation of the previous rating by Roth Capital which was Neutral. Citigroup initiated a rating of Sell on 2023-02-16 and provided a price target of $62.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Brown-Forman

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Brown-Forman

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.