In a report published earlier today, Stifel Nicolaus reiterated its Buy rating on Constellation Brands STZ and raised its price target from $28.00 to $30.00.
Stifel Nicolaus went on to say “We update our model to reflect a pro forma forecast for STZ after the agreement to purchase the 50% of the Crown Imports venture it does not currently own. The transaction is expected to close in Q1 calendar 2013, and we start the consolidation in Constellation's F2014. Our combined revenue forecast for F2014 is $5.35bn and our pro forma EPS forecast for F2014 is $2.68.”
Constellation Brands, Inc. closed on Friday at $27.06.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in