Wells Fargo analyst Chris Carey raised the firm’s price target on Constellation Brands (STZ) to $180 from $165 and keeps an Overweight rating on the shares. The firm is broadly lowering estimates for the sector ahead of quarterly results. The earnings revisions were anchored by unique, company-specific commodity sheets in all Wells’ models, the firm adds. This makes the margin builds much more specific to the track of this inflationary backdrop, namely into Q4 2026 and 2027, with embedded recovery into 2028.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STZ:
- These Are the Stocks Reporting Earnings Today – April 8, 2026
- Constellation Brands (STZ) Edges toward Turnaround. Here’s What Makes Me Bullish
- Constellation Brands’ depletion momentum continued in March, says Roth Capital
- Midday Fly By: Neurocrine to acquire Soleno, Oracle hires new CFO
- Constellation Brands Is About to Report Its Q4 Earnings. How Big a Move Do Options Traders Expect in STZ Stock?