Constellation Brands (STZ) has seen a series of adjustments to its stock price targets following numerous analysts downgrades and lowered expectations concerning growth forecast. The firm recorded a
fall of 17% in the stock market, which has led some investors to consider it a
bargain buy. Amid this downturn, several asset management firms such as Empirical Asset Management and Assenagon Asset Management, have bought new positions or increased their shares in the company. Despite the setback, Piper Sandler and RBC hold a positive long-term position and advice buying low and selling high in the future. However, the company's Q3 and Q4 earnings call transcript revealed a
miss on estimates, causing JP Morgan and Jefferies to downgrade the company to a neutral rating. Additionally, Constellation Brands faces inflation concerns, a subdued spending backdrop, and potential tariff risks. Nonetheless, the company maintains a strong free cash flow and continues to gain market share in the US.
Constellation Brands STZ News Analytics from Thu, 03 Oct 2024 07:00:00 GMT to Sat, 18 Jan 2025 18:52:47 GMT -
Rating -5
- Innovation -7
- Information -4
- Rumor -6
