Goldman Sachs Lifts Estiamtes and Price Target on Constellation Brands (STZ)
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Price: $135.66 +1.13%
Rating Summary:
22 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
22 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs raised estimates and its price target on Constellation Brands (NYSE: STZ) but is keeping its Neutral rating following Q4 results and guidance.
The firm raised FY12 EPS estimates by $0.15 to $2.20. They also raised FY13 EPS from $2.10 to $2.42 and FY13 from $2.36 to $2.84. The price target goes from $21 to $23.
The firm said while they continue to have concerns about softness in the company's US wine sales, they have underestimated the potential for EPS upside stemming from a much improved financial profile.
For more ratings news on Constellation Brands click here and for the rating history of Constellation Brands click here.
Shares of Constellation Brands closed at $21.79 yesterday.
The firm raised FY12 EPS estimates by $0.15 to $2.20. They also raised FY13 EPS from $2.10 to $2.42 and FY13 from $2.36 to $2.84. The price target goes from $21 to $23.
The firm said while they continue to have concerns about softness in the company's US wine sales, they have underestimated the potential for EPS upside stemming from a much improved financial profile.
For more ratings news on Constellation Brands click here and for the rating history of Constellation Brands click here.
Shares of Constellation Brands closed at $21.79 yesterday.
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