Citi opened a “negative 30-day catalyst watch” on Constellation Brands (STZ) while keeping a Neutral rating on the name with a $174 price target The firm believes the company will reduce fiscal 2026 guidance at its investor conference presentation on September 2. Scanner data has been showing softness in Constellation’s beer trends, the analyst tells investors in a research note.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STZ:
- Diageo Stock (DEO) in Low Spirits as EU Trade Deal Leaves it Exposed to High Tariffs
- Warren Buffett’s Q2 Disclosures: Buys UNH Stock and Cuts Stakes in AAPL and Bank of America
- Trump Weekly: Trump weighs stake in Intel, candidates for Fed Chair
- Berkshire Hathaway takes new stake in UnitedHealth, trims Apple stake
- Trump Trade: Pharma tariff announcement likely ‘weeks away’