Brown-Forman Corporation (BF-B) is a prominent player in the spirits and wine industry, with a market cap of $14 billion. The company’s brands include Jack Daniel’s, Woodford Reserve, and more.

BF-B’s stock has lagged behind the market over the past year but has surged 17.7% YTD. However, it underperformed compared to other consumer staples funds.

Brown-Forman shares rose 2.7% after announcing the re-release of Woodford Reserve Double Double Oaked Bourbon, potentially boosting sales.

Analysts predict BF-B’s EPS to decline 9.2% this fiscal year. The consensus rating is “Hold,” with mixed earnings surprises in recent quarters.

BNP Paribas Exane downgraded BF-B to “Underperform” with a price target of $24. The stock trades above its mean target, with a Street-high target suggesting a 22.3% increase.

Read more at Yahoo Finance: Is Wall Street Bullish or Bearish on Brown-Forman Stock?