Barclays analyst Lauren Lieberman lowered the firm’s price target on Constellation Brands to $278 from $288 and keeps an Overweight rating on the shares. The analyst says demand elasticity and a challenged consumer backdrop "sparked longer term questions around the runway for growth" out of Constellation’s results.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on STZ:
- Constellation Brands price target lowered to $250 from $285 at Evercore ISI
- Constellation Brands price target lowered to $265 from $290 at BMO Capital
- Constellation Brands price target lowered to $215 from $245 at Truist
- Constellation Brands price target lowered to $215 from $238 at MKM Partners
- Constellation Brands price target lowered to $250 from $295 at Argus