Constellation Brands (STZ) PT Raised to $176 at UBS Following 4Q
UBS raised its price target on Constellation Brands (NYSE: STZ) to $176.00 (from $162.00) while maintaining a Neutral rating following the company's 4Q earnings report.
STZ delivered 4Q EPS of $1.48, ahead of the consensus of $1.36. Organic growth of +7.0% was driven by organic beer growth of +10.0% and wine growth of +4.0. FY18 EPS guidance of $7.70-$8.00 includes a ~40c benefit from a lower expected tax rate.