Analyst Reco.

16/01 BNP Paribas Exane Downgrades Brown-Forman to Underperform From Neutral, Adjusts PT to $24 From $31 MT
14/01 Citigroup Adjusts Price Target on Brown-Forman to $24 From $27, Maintains Sell Rating MT
18/12 Brown-Forman Shares Fall After Citigroup Downgrade MT
17/12 Citigroup Downgrades Brown-Forman to Sell From Neutral, Adjusts Price Target to $27 From $30 MT
05/12 Brown-Forman's Blackberry Beats Expectations, But Soft Underlying Trends Persist, RBC Says MT
05/12 Deutsche Bank Adjusts Price Target on Brown-Forman to $30 From $29, Maintains Hold Rating MT
05/12 JPMorgan Adjusts Price Target on Brown-Forman to $28 From $29, Maintains Underweight Rating MT
05/12 Evercore ISI Adjusts Price Target on Brown-Forman to $32 From $30, Maintains In Line Rating MT
02/12 Brown-Forman Topline Visibility Likely Cloudy, RBC Says MT
26/11 Barclays Adjusts Price Target on Brown-Forman to $31 From $30, Maintains Overweight Rating MT
06/25/06 Barclays Adjusts Price Target on Brown-Forman to $30 From $32, Maintains Overweight Rating MT
15/25/15 Bernstein Adjusts Brown-Forman Price Target to $37.50 From $40, Maintains Outperform Rating MT
02/25/02 JPMorgan Adjusts Price Target on Brown-Forman to $29 From $30, Maintains Underweight Rating MT
29/25/29 UBS Trims Price Target on Brown-Forman to $32 From $33, Maintains Neutral Rating MT
29/25/29 Brown-Forman Needs to Post Multiple Quarters of Consistency to Regain Investor Confidence, RBC Says MT
29/25/29 Barclays Adjusts Price Target on Brown-Forman to $32 From $33 MT
29/25/29 Citigroup Adjusts Price Target on Brown-Forman to $30 From $31, Maintains Neutral Rating MT
26/25/26 Brown-Forman Faces Topline Pressure in Fiscal Q1 Amid Soft US Spirits Market Trends, RBC Capital Says MT
26/25/26 BNP Paribas Exane Adjusts Price Target on Brown-Forman to $31 From $29, Maintains Neutral Rating MT
22/25/22 UBS Lifts Brown-Forman Price Target to $33 From $30, Maintains Neutral Rating MT
21/25/21 Barclays Adjusts Price Target on Brown-Forman to $33 From $31, Maintains Overweight Rating MT
20/25/20 JPMorgan Adjusts Price Target on Brown-Forman to $30 From $28, Maintains Underweight Rating MT
12/25/12 Citigroup Adjusts Brown-Forman Price Target to $31 From $28, Maintains Neutral Rating MT
09/25/09 Rothschild Co & Redburn Upgrades Brown-Forman to Neutral From Sell, Adjusts PT to $30 From $40 MT
12/25/12 Truist Cuts Price Target on Brown-Forman to $25 From $35, Keeps Hold Rating MT
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