Brown-Forman (BF-A) shares are under pressure after Citigroup downgraded the stock to Sell from Neutral and cut its price target from $30 to $27.

  • The stock is indicated at $29.88, trading modestly lower by 0.40% in pre-market activity.
  • The decline is primarily tied to the analyst action, as there are no new corporate developments or press releases from Brown-Forman.