STZ Upgraded On Valuation
Analysts at Goldman Sachs upgraded Constellation Brands (NYSE: STZ) from “sell” to “neutral.” The target price for STZ is set to $16.
Goldman Sachs has cited valuation as the reason for the upgrade. STZ’s shares’ lost 0.45% in after-hours trading to $15.05, it gained 1.12% to $15.29 in the pre-market trading.
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