Truist analyst Bill Chappell lowered the firm’s price target on Constellation Brands to $255 from $265 and keeps a Hold rating on the shares. The firm is adjusting its estimates following the company’s Q2 results, lowering its FY25 EPS view by 2c to $13.70 and its FY26 view by 20c to $14.86, the analyst tells investors in a research note. While the management had lowered sales guide for both of the company’s reporting segments at a September investor conference, Constellation Brands’ latest results and guidance were even more muted than Truist expected, the firm added.
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