BofA Securities analyst Bryan Spillane downgrades $Constellation Brands (STZ.US)$ to a hold rating, and adjusts the target price from $300 to $255.
According to TipRanks data, the analyst has a success rate of 59.1% and a total average return of 4.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Constellation Brands (STZ.US)$'s main analysts recently are as follows:
The key consideration for Constellation Brands lies in the emerging balance of the investment case which encompasses sales, profit, and cash flow growth.
Constellation Brands' future profitability may be affected by subdued beer volume growth, which suggests a broader trend beyond just the current economic climate. The company's strategic investments in growth, its Wine and Spirits division, and corporate governance aspects are expected to face increased scrutiny from investors.
The firm has revised its model for Constellation Brands following the fiscal Q2 report to account for a temporary slowdown in growth.
Note:
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