Constellation Brands price target raised to $160 from $146 at Piper Sandler

Piper Sandler raised the firm’s price target on Constellation Brands (STZ) to $160 from $146 and keeps a Neutral rating on the shares. The firm considers 2027 guidance achievable and likely beatable if early 2027 momentum continues. World Cup could add a sales lift, though it is a one-time event without any apparent lasting momentum boost, and Piper would not be buying the stock on excitement over it. Constellation has a benefit from tariff relief in 2027, but this is offset by higher costs from Veracruz starting up mid-year, adds the firm.