J.P. Morgan Keeps Their Hold Rating on Constellation Brands (STZ)
J.P. Morgan analyst Drew Levine maintained a Hold rating on Constellation Brands yesterday and set a price target of $168.00. The company’s shares closed yesterday at $164.60.
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According to TipRanks, Levine is a 2-star analyst with an average return of 9.4% and a 100.00% success rate. Levine covers the Consumer Defensive sector, focusing on stocks such as Brown-Forman B, Constellation Brands, and Brown Forman A.
In addition to J.P. Morgan, Constellation Brands also received a Hold from Jefferies’s Kaumil Gajrawala in a report issued yesterday. However, on the same day, TD Cowen upgraded Constellation Brands (NYSE: STZ) to a Buy.
Based on Constellation Brands’ latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $1.92 billion and a net profit of $201.8 million. In comparison, last year the company earned a revenue of $2.16 billion and had a GAAP net loss of $375.3 million
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- Constellation Brands upgraded to Buy from Hold at TD Cowen
- Constellation Brands price target raised to $170 from $151 at Barclays
- Constellation Brands price target raised to $175 from $170 at Evercore ISI
