Barclays downgraded Constellation Brands (STZ) to Equal Weight from Overweight with a price target of $150, down from $202. The firm believes beer category trends and investor sentiment “are likely to be weighed down for some time.” The firm is challenged to find a near-term catalyst for beer trends and downgraded Constellation as a result.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STZ:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Constellation Brands price target lowered to $190 from $215 at BMO Capital
- Constellation Brands price target lowered to $152 from $180 at TD Cowen
- Constellation Brands price target lowered to $195 from $225 at Bernstein
- Constellation Brands price target lowered to $155 from $174 at Citi