Constellation Brands price target raised to $170 from $151 at Barclays

Barclays raised the firm’s price target on Constellation Brands (STZ) to $170 from $151 and keeps an Equal Weight rating on the shares. The company’s fiscal 2027 earnings guidance is 7% below consensus at the midpoint, but this was overshadowed by “several other constructive updates,” the analyst tells investors in a research note. The firm believes Constellation’s 37%-38% margin outlook “helps to de-risk the bear thesis.” Barclays believes management’s commentary “left scope for the Street to take a slightly more constructive stance” on Constellation’s beer growth.