Constellation Brands price target lowered to $195 from $205 at BofA

BofA lowered the firm’s price target on Constellation Brands (STZ) to $195 from $205 and keeps a Neutral rating on the shares. The company’s Q4 results and strategic announcement should enable Constellation to outpace its categories and produce more consistent performance relative to targets, the analyst tells investors in a research note. The firm sates calving off popular price wine brands and assets reduces complexity and ends the “odyssey-like pursuit of turning it around.”