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Bank of America Securities Reaffirms Their Sell Rating on Constellation Brands (STZ)

Tipranks - Sat Jun 13, 7:08AM CDT

Bank of America Securities analyst Peter Galbo reiterated a Sell rating on Constellation Brands today and set a price target of $152.00.

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Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Constellation Brands, and General Mills. According to TipRanks, Galbo has an average return of 2.1% and a 54.11% success rate on recommended stocks.

Constellation Brands has an analyst consensus of Moderate Buy, with a price target consensus of $177.61.

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

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STZ in relation to earlier this year. Last month, James O. Bourdeau, the EVP and Senior Advisor of STZ sold 4,407.00 shares for a total of $631,258.68.

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