Constellation Brands price target lowered to $230 from $275 at Wells Fargo

Wells Fargo lowered the firm’s price target on Constellation Brands (STZ) to $230 from $275 and keeps an Overweight rating on the shares. The market is seemingly pleading with Constellation Brands to consider more beatable targets amid near-term visibility debates, the firm says. Following a historic move in the stock/with valuation low, Constellation Brands may have this opportunity, it adds.