Constellation Brands price target raised to $165 from $160 at Wells Fargo

Wells Fargo raised the firm’s price target on Constellation Brands (STZ) to $165 from $160 and keeps an Overweight rating on the shares. The firm notes Q3 was ahead of expectations, marked by beats on Beer depletions and margins. As argued in Wells’ 2026 Staples Year Ahead, Constellation is one of the more intriguing controversial recovery stories at lows, the firm argues, adding that this “certainly keeps the intrigue alive.”