The information provided indicates that
Constellation Brands, Inc. (NYSE:STZ) has been in the financial news spotlight. Positions in the company have been increased by both
Madison Asset Management LLC and
Cambridge Investment Research Advisors Inc., and its stake was bought by
Commerce Bank. Its Q4 2024 earnings significantly surpassed expectations, leading to a raised price target of $288.00 by Barclays. The company's
earnings have been predicted to grow, alongside a rising Q4 profit due to higher revenues. Meanwhile, insights into Constellation Brands' Q4 indicate good prospects for key metrics.
Despite the company's stock falling amid a market uptick, it is still considered a top stock for long-term investment, backed by
strong beer business performance. The beer segment of the business has indeed been a significant driver of profitability. On the other hand, the company plans on improving its wine business and has appointed Sam Glaetzer to lead its Wine & Spirits Division. CEO William A. Newlands considers Q4 to have ended on a 'great year.'
Constellation Brands STZ News Analytics from Thu, 05 Oct 2023 07:00:00 GMT to Sun, 02 Jun 2024 16:10:55 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -7
