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Evercore ISI Reaffirms Their Buy Rating on Constellation Brands (STZ)

Tipranks - Fri Apr 10, 7:00AM CDT

Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Constellation Brands today and set a price target of $170.00.

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According to TipRanks, Ottenstein is a 3-star analyst with an average return of 2.2% and a 51.91% success rate. Ottenstein covers the Consumer Defensive sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Constellation Brands, and Molson Coors.

In addition to Evercore ISI, Constellation Brands also received a Buy from Needham’s Gerald Pascarelli in a report issued today. However, on the same day, Morgan Stanley maintained 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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