Constellation Brands (STZ) PT Lowered to $150 at TD Cowen
Get Alerts STZ Hot Sheet
Price: $131.84 -0.68%
Rating Summary:
22 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Rating Summary:
22 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
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TD Cowen analyst Seamus Cassidy lowered the price target on Constellation Brands (NYSE: STZ) to $150.00 (from $174.00) while maintaining a Buy rating.
The analyst comments "Investor sentiment on STZ remains overwhelmingly negative as weak scanner trends, BPI readings, and mgmt commentary all point to a still-soft demand backdrop. However, with expectations already depressed and STZ continuing to gain share, we believe the narrative can improve with a modest reacceleration in depletions, stabilization in Hispanic trends, and moderating beer category headwinds."
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