Constellation Brands price target lowered to $175 from $205 at UBS

UBS lowered the firm’s price target on Constellation Brands (STZ) to $175 from $205 and keeps a Buy rating on the shares ahead of the Q2 earnings report on October 6. The company already lowered guidance in early September, so the print itself is unlikely to prove to be a major catalyst, the analyst tells investors in a research note. UBS believes downside is already priced in and that top line trends could improve on easier comparisons looking out to CY26.