Barclays Maintains Overweight on Constellation Brands, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman maintains an Overweight rating on Constellation Brands (NYSE:STZ) but lowers the price target from $309 to $300.
October 07, 2024 | 7:20 pm
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NEUTRAL IMPACT
Barclays has maintained its Overweight rating on Constellation Brands but has lowered the price target from $309 to $300, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Constellation Brands' performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100