Morgan Stanley Maintains Overweight on Constellation Brands, Lowers Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Overweight rating on Constellation Brands but lowered the price target from $305 to $280.
August 26, 2024 | 12:42 pm
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NEUTRAL IMPACT
Morgan Stanley has kept an Overweight rating on Constellation Brands, indicating continued confidence in the stock, but has reduced the price target from $305 to $280, suggesting a more conservative outlook.
The Overweight rating suggests that Morgan Stanley still sees potential in Constellation Brands, but the lowered price target indicates a more cautious approach, possibly due to market conditions or company performance. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100