02:05 PM EDT, 09/02/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month price target by $2 to $30, based on a FY 27 (Apr.) P/E of 17.6x, a justified discount to BF.B's 10-year average forward P/E of 31.9x. We maintain our EPS estimates of $1.65 for FY 26 and $1.70 for FY 27. Following BF.B's Q1 FY 26 earnings release, we are maintaining our Hold opinion on the shares due to a lack of catalysts. While BF.B's earnings were slightly below consensus, operating results (net sales and gross margins) were ahead of expectations and we think the fact BF.B did not lower guidance was a relief. However, we believe the company's recent challenges are not over. We believe that fundamental headwinds are likely to persist as the sale of whiskey, tequila, and other products remain weak. In our view, secular trends are not good for alcohol beverage companies as per capita consumption continues to decline. According to IWSR Drinks Market Analysis, across 10 key markets including the U.S., per capita alcohol consumption stands at only 80% of 2000s levels.