tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Buy Rating Maintained for Constellation Brands Amid Lower Valuation and Revised Guidance

Buy Rating Maintained for Constellation Brands Amid Lower Valuation and Revised Guidance

Needham analyst Gerald Pascarelli maintained a Buy rating on Constellation Brands today and set a price target of $180.00.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Gerald Pascarelli has given his Buy rating due to a combination of factors, despite the recent downward revision in Constellation Brands’ guidance. The company’s stock is currently at a multi-year low valuation, which presents a potential opportunity for investors.
Although the recent guidance revision was more severe than anticipated, the new targets appear to be more achievable. This adjustment in expectations, coupled with the stock’s discounted valuation compared to historical averages, supports Pascarelli’s Buy rating. The price target has been adjusted to $180, reflecting a lower earnings outlook and a reduced FY27 target multiple.

In another report released today, Barclays also maintained a Buy rating on the stock with a $202.00 price target.

Disclaimer & DisclosureReport an Issue

1