Evercore ISI raised the firm’s price target on Constellation Brands (STZ) to $175 from $170 and keeps an Outperform rating on the shares, which are being removed from the firm’s “Tactical Outperform” list after the company reported Q4 earnings. Overall, Q4 results were strong and FY27 guidance “looks conservative,” the analyst tells investors.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STZ:
- Midday Fly By: Ares to acquire Whitestone REIT, Disney to make ‘sizable’ layoffs
- Early notable gainers among liquid option names on April 9th
- Constellation Brands depletions should improve, says Roth Capital
- Closing Bell Movers: STAAR Surgical up nearly 20% on pre-announcement
- STZ Earnings: Constellation Brands Slips as Changing Consumer Trends Remain a Challenge