Truist analyst William Chappell lowered the firm’s price target on Constellation Brands to $250 from $260 and keeps a Hold rating on the shares. The firm is lowing its net sales estimates for FY24 and FY25 to $9.9B and $10.4B from $10.0B and $10.6B respectively following the company’s Q3 results and 2024 guidance release last week. Truist is also raising its FY24 EPS estimate to $12.20 from $12.18 but lowering its FY25 EPS estimate to $13.12 from $13.21.
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