Citi Maintains Price Target for Brown-Forman (BF-B) Ahead of Q4 FY2025 Results

Citi maintained a $35 price target for Brown-Forman Corporation (BF-B) and reiterated its Neutral position on May 30. According to the firm, Brown-Forman is likely to report its fourth-quarter fiscal 2025 earnings on June 5, with organic sales growth (OSG) of +2.9%. With a forecasted loss of -1.4%, the company is also expected to see weaker underlying sales due to muted consumer buying habits in the U.S., which accounts for about 45% of the company’s sales.

Citi Maintains Price Target for Brown-Forman (BF-B) Ahead of Q4 FY2025 Results

Citi claims that although there was a minor uptick in April as a result of the Easter calendar shift, sales trends in the United States have been especially poor based on data from Nielsen and NABCA for February and March. Brown-Forman Corporation (BF-B) anticipates organic operating income growth of +2-4% and OSG of +1-3% for fiscal year 2026. Citi, however, indicates that given current weak underlying trends, the market would be dubious about the company’s ability to reach these goals.

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