Constellation Brands (STZ) tops expectations on strong beer business
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Constellation Brands (STZ) PT Raised to $308 at RBC Capital
April 12, 2024 6:32 AM EDTRBC Capital analyst Nik Modi raised the price target on Constellation Brands (NYSE: STZ) to $308.00 (from $295.00) while maintaining a Outperform rating.
The analyst comments "Another strong print from STZ which only reaffirms our long-term bullishness in the company's ability to drive consistent CPG... More
Constellation Brands (STZ) PT Raised to $314 at Jefferies
April 12, 2024 6:07 AM EDTJefferies analyst Kaumil Gajrawala raised the price target on Constellation Brands (NYSE: STZ) to $314.00 (from $292.00) while maintaining a Buy rating.
The analyst comments "Beer grinds higher and should continue to do so, with +LDD% shelf space gains setting up a (+) F25. Wine &... More
Constellation Brands (STZ) PT Raised to $315 at BMO Capital
April 12, 2024 5:40 AM EDTBMO Capital analyst Andrew Strelzik raised the price target on Constellation Brands (NYSE: STZ) to $315.00 (from $290.00) while maintaining a Outperform rating.
The analyst comments "STZs FY4Q24 EPS (ex-Canopy) of $2.30 (including $0.08 one-time write-off headwind) exceeded consensus of $2.11 as stronger Beer sales and lower... More
Constellation Brands (STZ) PT Raised to $264 at Deutsche Bank
April 12, 2024 5:17 AM EDTDeutsche Bank analyst Steve Powers raised the price target on Constellation Brands (NYSE: STZ) to $264.00 (from $262.00) while maintaining a Hold rating.
The analyst comments "Overall, while our FY25 EPS estimate drifts higher (mainly on lower interest/taxes) our FY26 estimate falls modestly driven by... More
Constellation Brands (STZ) PT Raised to $300 at Goldman Sachs
April 12, 2024 4:32 AM EDTGoldman Sachs analyst Bonnie Herzog raised the price target on Constellation Brands (NYSE: STZ) to $300.00 (from $290.00) while maintaining a Conviction Buy rating.
The analyst comments "Our View - We reiterate our Buy rating on STZ (on CL) following a strong finish to FY24 as FQ4 results surprised to the upside on higher beer sales/profits leading to an EPS beat. We came away from the quarter encouraged that: (1) total beer depletions were stronger than expected, up 8.9% in FQ4 (vs us/cons at 6.5%/6.8%) driven primarily by strength in the off-premise channel (~89% of STZ's total depletion... More
Constellation Brands (STZ) PT Raised to $310 at Evercore ISI
April 12, 2024 4:29 AM EDTEvercore ISI analyst Robert Ottenstein raised the price target on Constellation Brands (NYSE: STZ) to $310.00 (from $300.00) while maintaining a Outperform rating.
The analyst comments "Were encouraged by continued momentum across the beer portfolio, as well as STZs above-Street EPS guidance for... More
Constellation Brands (STZ) PT Raised to $270 at CFRA
April 11, 2024 11:09 AM EDTCFRA analyst Garrett Nelson raised the price target on Constellation Brands (NYSE: STZ) to $270.00 (from $245.00) while maintaining a Hold rating.
The analyst comments "We increase our 12-month price target by $25 to $270, based on a FY 26 (Feb.) P/E of 18.0x, a... More
Unwinding Fed rate cuts, ECB decision, earnings season - what's moving markets
April 11, 2024 5:29 AM EDTInvesting.com -- The hot March inflation report has resulted in an unwinding of rate cut expectations for June, and traders will look at the producer prices report for more clarity. The European Central Bank holds its latest rate-setting meeting, while the earnings season kicks into top gear.
1. Fed rate cut expectations for June unwindThe hotter-than-expected March consumer inflation report has resulted in an unravelling of Federal Reserve rate cuts expectations, with a reduction in June now looking more and more unlikely.
The annualized reading of the... More



