Wells Fargo Sticks to Their Buy Rating for Constellation Brands (STZ)

In a report released yesterday, Christopher Carey from Wells Fargo maintained a Buy rating on Constellation Brands (STZ – Research Report), with a price target of $295.00. The company’s shares closed yesterday at $264.92.

According to TipRanks, Carey is a 4-star analyst with an average return of 5.2% and a 52.24% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Keurig Dr Pepper, General Mills, and Clorox.

Constellation Brands has an analyst consensus of Strong Buy, with a price target consensus of $298.64, implying a 12.73% upside from current levels. In a report released today, Barclays also assigned a Buy rating to the stock with a $294.00 price target.

STZ market cap is currently $48.63B and has a P/E ratio of 31.09.

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Constellation Brands (STZ) Company Description:

Founded in 1945, Constellation Brands, Inc. is engaged in the production, marketing, and distribution of beer, wine, and spirits in the United States, Mexico, New Zealand, and Italy. The company’s iconic beer brands include Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra and Pacifico. Its premium wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner, SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.