BofA lowered the firm’s price target on Constellation Brands (STZ) to $180 from $195 and keeps a Neutral rating on the shares. The firm lowered its Q1 and FY26 EPS estimates to $3.00 and $12.66, respectively, driven by expectations for lower Q1 beer sales, beer marketing spend cadence and the appropriate profit removal from the 2025 Mainstream Wine divestiture. Worsening demand trends and social/political unrest tied to Constellation’s core consumer drive a lower valuation multiple, the analyst added.
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