Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

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

Upside Potential: 17%

In a notable development within the beverage industry, JP Morgan analyst Andrea Teixeira has expressed continued confidence in Constellation Brands, Inc. (NYSE:STZ), the Mexican beer powerhouse company. On September 20, Teixeira reaffirmed an “Overweight” rating for the stock and made an upward adjustment to the price target, raising it from $276.00 to $307.00. This price target revision highlights JP Morgan’s optimistic outlook for Constellation Brands, Inc. (NYSE:STZ) future performance. As of the most recent market data, Constellation Brands, Inc. (NYSE:STZ) is trading at $261.90, indicating a modest 0.7% increase from its previous trading price. This upward movement in the stock price aligns with the positive sentiment conveyed by JP Morgan through the upward revision of the price target. Teixeira’s decision to raise the price target for Constellation Brands, Inc. (NYSE:STZ) to $307.00 underscores her belief in the company’s future potential. The new price target implies a significant upside potential of 17% from the current trading price, emphasizing JP Morgan’s conviction in Constellation Brands, Inc. (NYSE:STZ) ability to deliver robust results and maintain a competitive position in the beverage industry.