Bernstein analyst Trevor Stirling lowered the firm’s price target on Constellation Brands (STZ) to $230 from $300 and keeps an Outperform rating on the shares. 25% tariffs on Mexican imports are here, the firm says. Constellation Brands is the most exposed name in Bernstein’s European & American Beverages coverage, with about 84% of 2025 net sales being super premium Mexican beer imports. The firm has long guided to the impact this would have to its numbers, and today it takes “the knife” to its model. Bernstein cut its EPS estimates by 25%, and continues to rate Constellation Brands Outperform.
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