Constellation Brands price target raised to $300 from $290 at HSBC

HSBC raised the firm’s price target on Constellation Brands to $300 from $290 and keeps a Buy rating on the shares. The company’s Q4 operating performance came in ahead of expectations driven by growth from its beer portfolio and cost efficiencies, the analyst tells investors in a research note. The firm says Constellation’s fiscal 2025 looks good as the company drives healthy premium brands in the big growth segment of the U.S. industry, Mexican imports.