TD Cowen Downgrades Constellation Brands to Hold, Lowers Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded Constellation Brands from Buy to Hold and reduced its price target from $300 to $270.
October 08, 2024 | 11:11 am
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TD Cowen has downgraded Constellation Brands from Buy to Hold, reducing the price target from $300 to $270, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests a less favorable view on the stock's potential, and the lowered price target indicates reduced expectations for future performance. This is likely to negatively impact the stock price in the short term.
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