B of A Securities Downgrades Constellation Brands to Neutral, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Constellation Brands from Buy to Neutral and reduced its price target from $300 to $255.
October 07, 2024 | 11:11 am
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B of A Securities has downgraded Constellation Brands from Buy to Neutral, reducing the price target from $300 to $255, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by a major analyst like B of A Securities typically signals a less favorable view on the stock, which can lead to a negative short-term impact on the stock price. The lowered price target further supports this outlook.
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