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Constellation Brands price target lowered to $233 from $289 at RBC Capital

RBC Capital lowered the firm’s price target on Constellation Brands (STZ) to $233 from $289 and keeps an Outperform rating on the shares. The firm cites the company’s worse than expected Q4 results and disappointing outlook for FY26 and the long-term, though this also provides a much needed reset and sets a very achievable bar for the company to deliver against, the analyst tells investors in a research note. RBC adds that the divestiture of Constellation Brands’ mainstream wine brands should also help improve results.

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