Constellation Brands’ Price Target Raised Ahead of Q2 Earnings
<p>Wedbush analysts increased the price target for <a href='https://financialmodelingprep.com/financial-summary/STZ'>Constellation Brands (NYSE:STZ)</a> to $300.00, up from $275.00, while maintaining an Outperform rating.</p>
<p>According to the analysts, there are several upcoming catalysts that bolster their confidence in STZ's ability to outperform and achieve strong revenue and earnings growth. These catalysts include the imminent Q2/24 earnings release on Thursday, where robust beer performance is expected, and eased comps in the latter part of the fiscal year. </p>
<p>In the longer term, as the beer category stabilizes and commodity inflation decreases, STZ is anticipated to return to a trajectory of double-digit earnings growth, especially as beer margins align with their long-term target range of 39-40%.</p>

NYSE:STZ