Constellation Brands (STZ) PT Raised to $316 at Jefferies
Get Alerts STZ Hot Sheet
Price: $135.33 +4.65%
Rating Summary:
22 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
Rating Summary:
22 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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Jefferies analyst Kevin Grundy raised the price target on Constellation Brands (NYSE: STZ) to $316.00 (from $305.00) on positive Nielsen data that is a catalyst for raising his estimates.
The analyst reiterated a Buy rating, stating "Stock has bounced recently on staples rotation, (+) Nielsen data, and easing supply chain pressure. H/w, w/overhang from wine sale lifted, mkt share momentum evident, and stock attractively valued at 16.5x EV/EBITDA (ex-WEED) vs. 25x/28x for growth comps, STZ remains our favored large cap growth stock. Buy, PT to $316."
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