Constellation Brands (STZ) Stock Target Lowered Amid Hispanic Consumer Weakness

Constellation Brands, Inc. (NYSE:STZ) ranks among the most active stocks to buy according to Wall Street analysts. On September 3, Jefferies decreased Constellation Brands, Inc. (NYSE:STZ)’s price target to $179 from $205, keeping a Buy rating on the company’s shares. The decrease comes after Jefferies cited ongoing issues in the Hispanic consumer category that have become more substantial than expected.

Jefferies pointed out that the beer picture has worsened, resulting in a 10% decrease in the company’s fiscal 2026 EPS estimate, even though Constellation Brands, Inc. (NYSE:STZ) reaffirmed its fiscal 2026 projection in the first quarter following a reset.

Although the firm believes an inflection in fiscal 2026 seems improbable, it added that expectations are now lower with simpler comparisons ahead and what it deems a cheap multiple of 12.5x earnings.

Constellation Brands, Inc. (NYSE:STZ) is a leading manufacturer and marketer of beer, wine, and spirits, best known for its portfolio of premium imported beer brands including Corona Extra, Modelo Especial, and the Modelo Cheladas line.

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Disclosure: None. This article is originally published at Insider Monkey.