Barclays Maintains Overweight on Constellation Brands, Lowers Price Target to $294
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman maintains an Overweight rating on Constellation Brands (STZ) but lowers the price target from $296 to $294.

April 05, 2024 | 12:07 pm
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Barclays maintains an Overweight rating on Constellation Brands but lowers the price target from $296 to $294.
The adjustment in price target by Barclays, while maintaining an Overweight rating, suggests a continued positive outlook on STZ with a slight adjustment to expectations. This could be due to minor concerns or market adjustments. The impact on the stock price is likely neutral in the short term as the rating remains positive but the target is slightly reduced.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90