Constellation Brands price target lowered to $196 from $210 at Wells Fargo

Wells Fargo lowered the firm’s price target on Constellation Brands (STZ) to $196 from $210 and keeps an Overweight rating on the shares. Beer trends have worsened into 2025 and 2025 looks like a “lost” year, the analyst tells investors in a research note. If Constellation can hold the line on EPS and establish reasonable estimates for FY26, the debate by the end of the summer may well be prospects for some “cyclical recovery on trough multiple” into CY26, the analyst says