Brown Forman (BFB) saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 92 to 97.
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run.
Brown Forman is now out of buy range after breaking out from a 55.23 entry in a cup with handle.
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The stock sports a 91 EPS Rating, meaning its recent quarterly and annual earnings growth tops 91% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
The company reported 24% earnings growth for Q2. Sales growth rose 10%, up from 9% in the prior quarter. That marks two consecutive reports with increasing revenue gains.
Brown Forman holds the No. 1 rank among its peers in the Beverages-Alcoholic industry group. Brown Forman (BFA) and Diageo (DEO) are also among the group's highest-rated stocks.
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