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Investing.com - Bernstein has reiterated an Outperform rating and $225.00 price target on Constellation Brands (NYSE:STZ) following the company’s Q1 earnings report. According to InvestingPro data, analyst targets range from $170 to $300, with the stock currently trading at $168.25, near its 52-week low.
The beer maker reported beer depletions of -2.6% year-over-year, which Bernstein noted was slightly better than expected and in line with consensus estimates, despite challenging market conditions.
Profits modestly missed expectations due to increased marketing investments, according to Bernstein’s analysis of the quarterly results.
The firm highlighted that weak scanner data for both Constellation and the broader industry had been evident prior to the earnings release, with certain Hispanic consumers—part of Constellation’s core customer base—reducing shopping and socializing amid concerns about potential immigration policies.
Despite these headwinds, Constellation Brands maintained its fiscal 2026 guidance, which Bernstein viewed as a positive sign amid the current market challenges.
In other recent news, Constellation Brands reported first-quarter earnings per share of $3.22, which fell short of Goldman Sachs’ estimate of $3.45 and consensus expectations of $3.31. Despite the earnings miss, Goldman Sachs maintained its Buy rating and $225 price target, noting the company’s reaffirmed fiscal year 2026 guidance. Meanwhile, RBC Capital reiterated an Outperform rating with a $233 price target, despite anticipating a near-term decline in beer sales due to macroeconomic pressures. Evercore ISI also maintained an Outperform rating, highlighting the successful launch of Corona Sunbrew and strong brand loyalty. Morgan Stanley (NYSE:MS) kept its Equalweight rating with a $195 price target, citing both short-term and long-term pressures on beer volumes, including health trends and cannabis substitution. UBS lowered its price target to $195 but retained a Buy rating, forecasting earnings per share of $3.15, below consensus estimates. Analysts from these firms see potential for Constellation Brands to improve its growth profile over time despite current challenges.
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