Constellation Brands Price Target Raised at Several Brokerages 
<p><a href='https://financialmodelingprep.com/financial-summary/STZ'>Constellation Brands (NYSE:STZ)</a> witnessed an upward adjustment in its price targets by various Wall Street firms, including JPMorgan, Deutsche Bank, Truist Securities, and Roth/MKM, and BMO, subsequent to the announcement of its better-than-anticipated Q1 results on Friday.</p>
<p>BMO Capital lifted its price target for the company to $290.00 from $265.00, maintaining an Outperform rating. BMO Capital emphasized that the Q1 earnings per share (EPS) of $3.04 surpassed the consensus estimate of $2.93. This was attributed to stronger performance in the Beer segment and lower Corporate expenses, compensating for weaker results in Wine & Spirits.</p>
<p>BMO Capital remains optimistic about the company's stock due to the ongoing positive momentum in the Beer segment, supporting an appealing long-term growth outlook and the potential for guidance surpassing expectations. Additionally, the shares are still trading at a discounted valuation compared to historical levels.</p>

NYSE:STZ