JP Morgan Maintains Overweight on Constellation Brands, Lowers Price Target to $301
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira has maintained an Overweight rating on Constellation Brands (NYSE:STZ) but reduced the price target from $309 to $301.

December 21, 2023 | 3:10 pm
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NEUTRAL IMPACT
Constellation Brands' stock maintains an Overweight rating by JP Morgan, although the price target has been lowered from $309 to $301.
While the reduction in the price target could suggest a slightly less optimistic view on the stock's future performance, the maintenance of an Overweight rating indicates that JP Morgan still has a positive outlook on Constellation Brands. This mixed signal is likely to have a neutral short-term impact on the stock price as the market digests both the positive rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100