Constellation Brands price target lowered to $190 from $200 at Citi

Citi lowered the firm’s price target on Constellation Brands (STZ) to $190 from $200 and keeps a Neutral rating on the shares. The company reported “better-than-feared” fiscal Q4 results, issued fiscal 2026 guidance below consensus, divested a portion of its wine business, and significantly reduced its medium-term outlook, the analyst tells investors in a research note. The firm does not see any near-term catalyst on the upside for the shares and worry Hispanic consumer weakness may linger.