The Fly

Constellation Brands price target raised to $295 from $270 at Argus

Argus analyst John Staszak raised the firm’s price target on Constellation Brands to $295 from $270 and keeps a Buy rating on the shares. Staszak expects Constellation to emerge from the pandemic in a position of strength as beer shipments remain solid and the company moves past the headwinds created by the sale of certain products to Gallo, the analyst tells investors in a research note.

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