Constellation Brands price target lowered to $315 from $325 at Bernstein

Bernstein lowered the firm’s price target on Constellation Brands (STZ) to $315 from $325 and keeps an Outperform rating on the shares. The normalization of U.S. alcohol consumption will remain the key theme of 2025, and the firm continues to believe a return to normal lies ahead. But in addition to this, for three of Bernstein’s names, including Constellation Brands, a Trump-sized shadow in the form of tariffs looms over the upcoming year. The firm continues to like the name for fundamental and valuation related reasons, but fully acknowledges that there is no silver bullet until clarity on tariffs is obtained.