Constellation Brands (STZ) PT Raised to $315 at Jefferies

July 18, 2022 7:50 AM EDT
Get Alerts STZ Hot Sheet
Price: $253.64 -1.5%

Rating Summary:
    24 Buy, 12 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 14 | New: 17
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Jefferies analyst Kevin Grundy raised the price target on Constellation Brands (NYSE: STZ) to $315.00 (from $305.00) while maintaining a Buy rating.

The analyst commented, "Our FY23-24 EPS ests are little changed post-STZ's (+) F1Q (reported 6/30) w/ upside in qtr generally offset by increased digital spend/dilution from (still to be voted on) Class B share conversion. Momentum evident in qtr, w/ revs, depletions, and EPS all better. Importantly, trends remain (+) in June (~12% YoY Nielsen channels) w/ no signs of consumer weakness. Remains (+) large-cap growth idea at < 16x EV/EBITDA vs MNST/BFB at 24.5x/27.5x. PT to $315."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Jefferies & Co