Goldman Sachs Sticks to Its Buy Rating for Constellation Brands (STZ)
In a report released on January 23, Bonnie Herzog from Goldman Sachs reiterated a Buy rating on Constellation Brands, with a price target of $180.00. The company’s shares closed last Friday at $158.78.
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According to TipRanks, Herzog is a 4-star analyst with an average return of 5.1% and a 55.97% success rate. Herzog covers the Consumer Defensive sector, focusing on stocks such as Monster Beverage, Constellation Brands, and Primo Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Constellation Brands with a $165.13 average price target, implying a 4.00% upside from current levels. In a report released on January 22, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $183.00 price target.
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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