Says the worsening macro environment will be reflected in the FY guidance the company will provide in April. Comments taken from Q3 earnings conference call.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STZ:
- Early notable gainers among liquid option names on January 8th
- Constellation Brands price target raised to $165 from $160 at Wells Fargo
- Constellation Brands: Inventory Risks, Margin Pressures, and Still-Rich Valuation Support Continued Sell Rating
- Closing Bell Movers: Defense stocks surge on Trump military budget comments
- STZ Earnings: Constellation Brands’ Financial Results Top Wall Street Estimates