Brown‑Forman shares drop as deal talks with French spirits group Pernod collapse
By Savyata Mishra
Published on April 29, 2026.
The collapse of deal talks with French spirits group Pernod has led to a drop in Brown‑Forman shares, with J.P.Morgan downgrading the stock to 'underperform' and reducing its price target to $23 from $27. The company plans to focus on its strategic and operational priorities, including expanding its geographic footprint.
Related Articles
Aircraft lessor AerCap says prolonged high oil prices could bring opportunities
AerCap.com believes prolonged high oil prices could prompt increased sales opportunities for aircraft lessors, potentially reducing the retirement age of older technology aircraft.
Lululemon Athletica founder Chip Wilson raises doubts on new CEO pick amid proxy battle
Chip Wilson raises doubts over Lululemon's new CEO appointment amid a proxy battle and shareholder backlash, criticizing the company's lack of board support and strategic thinking.
Securitize, Computershare open path for $70 trillion U.S. stocks to move onchain
BlackRock-backed Securitize and Computershare are integrating tokenized shares into traditional US stock markets, aiming to simplify ownership and facilitate faster transactions.