Constellation Brands price target lowered to $196 from $225 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Constellation Brands (STZ) to $196 from $225 but keeps a Buy rating on the shares. The company lowered its FY26 guidance across the board ahead of an industry conference, largely reflecting incremental macro headwinds which are affecting consumer demand, the analyst tells investors in a research note. The firm adds that it expects Constellation Brands to remain pressured, though it also sees the update serving as a clearing event for the stock, helping reset expectations to a more achievable level in what remains a “challenging and dynamic” consumer backdrop.