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Goldman Sachs Sticks to Its Buy Rating for Constellation Brands (STZ)

Tipranks - Fri Apr 10, 6:28AM CDT

Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating on Constellation Brands yesterday and set a price target of $180.00. The company’s shares closed yesterday at $150.26.

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According to TipRanks, Herzog is a 4-star analyst with an average return of 5.2% and a 55.75% success rate. Herzog covers the Consumer Defensive sector, focusing on stocks such as Philip Morris, Constellation Brands, and PepsiCo.

In addition to Goldman Sachs, Constellation Brands also received a Buy from TipRanks – PerPlexity’s PerPlexity Beverages – Wineries and Distilleries in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on Constellation Brands (NYSE: STZ).

Based on Constellation Brands’ latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $2.22 billion and a net profit of $502.8 million. In comparison, last year the company earned a revenue of $2.46 billion and had a net profit of $615.9 million

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