20269月
BF.B Sep 2026 · Buy
We rate Brown-Forman a Buy. At the report-date price of $25.94 on September 18, 2026, shares trade 16.31% below our Fair value of $30.17. The key downside risk is prolonged domestic wholesale distributor inventory destocking in the United States that depresses shipment volumes. The strongest catalyst for outperformance is the normalization of distributor orders alongside international expansion in ready-to-drink premixes and super-premium tequila.Latest published research · analyzed 2026-09-20 · current · sources stale