JP Morgan Maintains Overweight on Constellation Brands, Lowers Price Target to $293
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Constellation Brands (NYSE:STZ) but lowers the price target from $307 to $293.
October 04, 2024 | 6:27 pm
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NEUTRAL IMPACT
JP Morgan has maintained its Overweight rating on Constellation Brands but has lowered the price target from $307 to $293, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Constellation Brands, but the lowered price target reflects a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100