Constellation Brands: Jefferies still a buyer
(CercleFinance.com) - On Wednesday a Jefferies analyst confirmed a "Buy" recommendation on the Constellation Brands share, along with a target price of 238 dollars (27% upside).
"STZ's beer business remains a long-term winner in the US beer category levered to favorable demographic trends," the broker says.
"We believe the stock sets up well w/ a low bar for 2Q, trends set to inflect in 2H, and valuation offering adequate scope to re-rate."
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