Constellation Brands price target lowered to $250 from $260 at Credit Suisse

Credit Suisse analyst Kaumil Gajrawala lowered the firm’s price target on Constellation Brands to $250 from $260 and keeps an Outperform rating on the shares. The business is still outperforming the peer set, and should continue to do so, but expectations for growth to come in at a similar rate to prior years need to be reconsidered, Gajrawala tells investors in a research note.