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Bank Of America Sees Concerns About Slowing Momentum For Constellation Brands, Inc.

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In a report published Friday, Bank of America analyst Bryan D. Spillane reiterated a Buy rating and $97.00 price target on Constellation Brands, Inc. (NYSE: STZ).

In the report, Bank of America noted, “STZ shares have underperformed the market since FY1Q15 results driven in part by concerns about slowing sales momentum in beer (due in part to difficult comparisons), potential capital spending increases, anxiety over beer margin targets (phasing and ability to exceed) and a rising valuation. These concerns could be stoked between now and year end as management provides more clarity.”

Constellation Brands closed on Thursday at $86.41.

Latest Ratings for STZ

DateFirmActionFromTo
Apr 2019Deutsche BankDowngradesBuyHold
Mar 2019Credit SuisseInitiates Coverage OnOutperform
Jan 2019Atlantic EquitiesInitiates Coverage OnOverweight

View More Analyst Ratings for STZ
View the Latest Analyst Ratings

Posted-In: Bank of America Bryan D. SpillaneAnalyst Color Reiteration Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
PEPMorgan StanleyReiterates137.0
AZRXH.C. WainwrightMaintains7.0
PEPMacquarieMaintains138.0
POLBuckinghamMaintains36.0
BKBuckinghamMaintains53.0
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