Citi opened a “30-day positive catalyst watch” on shares of Constellation Brands while keeping a Buy rating on the name with a $305 price target. The analyst says easier beer comparisons in March and the potential for further gains in the spring 2024 shelf space resets will be positive catalysts for the stock over the next month. Citi expects to see an acceleration in Constellation’s California scanner trends in the following three Nielsen releases in addition to favorable earnings on April 11.
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