RBC Capital started coverage on shares of Brown-Forman Corp. (NASDAQ:BF.B) in a research report released on Tuesday morning, TheFlyOnTheWall.com reports. The firm issued an outperform rating and a $90.00 price objective on the stock.
RBC Capital has also taken action a number of other consumer staples stocks recently. The firm initiated coverage on shares of Coca-Cola Enterprises Inc.. They issued an outperform rating on that stock and set a $49.00 price target. Also, RBC Capital initiated coverage on shares of Boston Beer Co.. They issued a sector perform rating on that stock and set a $251.00 price target. Finally, RBC Capital initiated coverage on shares of Dr Pepper Snapple Group Inc.. They issued a sector perform rating on that stock and set a $48.00 price target.
The company also recently announced a dividend, which is scheduled for Friday, December 27th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, December 2nd.
Brown-Forman Corporation manufactures, bottles, imports, exports, and markets a range of alcoholic beverage brands.
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