5 Best Sin Stocks To Invest in 2024

3. Constellation Brands, Inc. (NYSE:STZ)

Number of Hedge Fund Holders: 50

Constellation Brands, Inc. (NYSE:STZ) is a New York-based company that produces and sells beer, wine, and spirits under various brands, including Corona Familiar, Mount Veeder, Ruffino, and others.

On December 1, Goldman Sachs made Constellation Brands, Inc. (NYSE:STZ) a part of the firm’s Conviction Buy List. The firm maintained a Buy rating on the shares with a $290 price target. The analyst mentioned his conviction in the beer distribution opportunity and expectation of stability in the company’s wine business.

Constellation Brands, Inc. (NYSE:STZ) was covered by 20 Wall Street analysts over the last three months, and 17 kept a Buy rating on the stock. The average price target of $291.89 had an upside of 21.10% at the time of writing on December 14.