Truist lowered the firm’s price target on Constellation Brands (STZ) to $190 from $255 and keeps a Hold rating on the shares. The firm is reducing its FY25 EPS view to $13.49 from $13.70 and its FY26 view to $14.16 from $14.86 to reflect the company’s Q3 earnings miss, the analyst tells investors in a research note. Without any catalysts on the horizon until peak summer season hits in six months, investors should remain on the sidelines until the story becomes interesting again, the firm added.
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