Constellation Brands (STZ) Stock Target Lowered Amid Hispanic Consumer Weakness

Constellation Brands, Inc. (NYSE:STZ) ranks among the most active stocks to buy according to Wall Street analysts. On September 3, Jefferies decreased Constellation Brands, Inc. (NYSE:STZ)’s price target to $179 from $205, keeping a Buy rating on the company’s shares. The decrease comes after Jefferies cited ongoing issues in the Hispanic consumer category that have become more substantial than expected.

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Jefferies pointed out that the beer picture has worsened, resulting in a 10% decrease in the company’s fiscal 2026 EPS estimate, even though Constellation Brands, Inc. (NYSE:STZ) reaffirmed its fiscal 2026 projection in the first quarter following a reset.

Although the firm believes an inflection in fiscal 2026 seems improbable, it added that expectations are now lower with simpler comparisons ahead and what it deems a cheap multiple of 12.5x earnings.

Constellation Brands, Inc. (NYSE:STZ) is a leading manufacturer and marketer of beer, wine, and spirits, best known for its portfolio of premium imported beer brands including Corona Extra, Modelo Especial, and the Modelo Cheladas line.

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Disclosure: None. This article is originally published at Insider Monkey.