Evercore ISI raised the firm’s price target on Constellation Brands to $310 from $300 and keeps an Outperform rating on the shares. The firm, which says it is “encouraged by continued momentum across the beer portfolio” and Constellation’s above-Street EPS guidance for FY25, thinks the company should benefit over the remainder of the year from spring resets, innovation, robust share momentum, and lapping of summer 2023 keg issues.
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