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Constellation Brands (STZ) Received its Third Buy in a Row

After RBC Capital and Jefferies gave Constellation Brands (NYSE: STZ) a Buy rating last month, the company received another Buy, this time from Evercore ISI. Analyst Robert Ottenstein maintained a Buy rating on Constellation Brands yesterday and set a price target of $275.00. The company’s shares closed last Tuesday at $231.75.

According to TipRanks.com, Ottenstein is a 1-star analyst with an average return of -2.0% and a 44.1% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Anheuser-Busch Inbev Sa.

Currently, the analyst consensus on Constellation Brands is a Moderate Buy with an average price target of $274.00, which is a 18.5% upside from current levels. In a report released yesterday, Credit Suisse also maintained a Buy rating on the stock with a $278.00 price target.

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The company has a one-year high of $258.00 and a one-year low of $207.35. Currently, Constellation Brands has an average volume of 993.9K.

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Founded in 1945, Constellation Brands, Inc. is engaged in the production, marketing, and distribution of beer, wine, and spirits in the United States, Mexico, New Zealand, and Italy. The company’s iconic beer brands include Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra and Pacifico. Its premium wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner, SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.

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