Deutsche Bank made no change to the firm’s Hold rating or $210 price target on Constellation Brands. The Q4 results and FY24 guidance were "good enough" at current levels, but will not likely change fundamental debates around the stock surrounding beer momentum and profitability into FY24, the analyst tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on STZ:
- Constellation Brands Gains on Q4 Beat
- Constellation Brands CEO says excited about Beer Business innovations
- Constellation Brands raises quarterly dividend 11% to 89c per share
- Constellation Brands sees 2024 comparable EPS $11.70-$12.00, consensus $11.68
- Constellation Brands reports Q4 comparable EPS ex-Canopy $2.15