Constellation Brands shares are trading lower after TD Cowen downgraded the stock from Buy to Hold and lowered its price target from $300 to $270.
Portfolio Pulse from Benzinga Newsdesk
Constellation Brands shares fell after TD Cowen downgraded the stock from Buy to Hold and reduced its price target from $300 to $270.
October 08, 2024 | 1:55 pm
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Constellation Brands shares are trading lower following a downgrade by TD Cowen from Buy to Hold, with a reduced price target from $300 to $270.
The downgrade from Buy to Hold by TD Cowen suggests a less optimistic outlook for Constellation Brands, which is likely to negatively impact investor sentiment and the stock price in the short term. The reduction in the price target from $300 to $270 further supports this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100