Citi Lowers the Firm's PT on Constellation Brands (STZ), Keeps a Neutral Rating

Constellation Brands, Inc. (NYSE:STZ) is one of the Ridiculously Cheap Stocks to Buy According to Analysts. On September 24, Filippo Falorni from Citi lowered the firm’s PT on Constellation Brands, Inc. (NYSE:STZ) from $155 to $145, while keeping a Neutral rating on the stock.

The reduced price target comes ahead of the company’s fiscal second-quarter results for 2026, which are expected on October 6. The analyst downgrade is due to observed weakness in scanner data, which indicates softer demand trends. The firm also flagged potential margin risks ahead.

On September 2, Constellation Brands, Inc. (NYSE:STZ) also reduced its fiscal 2026 guidance. It now expects reported diluted net income per share between $10.77 and $11.07, down from the previous outlook of $12.07 and $12.37. Moreover, the Enterprise Organic net sales are also anticipated to decline by around 4 to 6% down from the previous expectation of a 1% growth to a 2% decline. However, despite this downgrade overall analyst target price indicates more than 32% upside from the current levels.

Constellation Brands, Inc. (NYSE:STZ) is a leading international producer and marketer of beer, wine, and spirits.

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