JPMorgan raised the firm’s price target on Constellation Brands to $253 from $250 and keeps an Overweight rating on the shares ahead of the company’s Q4 results on April 6. The analyst thinks Constellation could outperform expectations in Q4 and says the beer segment seems well positioned for fiscal 2024 given its current underlying momentum, new product launches, and pricing.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on STZ:
- Constellation Brands Forms Multi-Year, Multi-Million Dollar Partnership with Tastemade to Create First-of-its-Kind Content Studio
- Constellation Brands Announces New Donation to The Nature Conservancy to Protect the Rio Grande Watershed, Serving Communities in the U.S. and Mexico
- Constellation Brands price target lowered to $210 from $217 at Deutsche Bank
- Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2023 Financial Results; Host Conference Call April 6, 2023
- Constellation Brands initiated with a Buy at Citi
