InvestorsHub Logo
Followers 1113
Posts 118284
Boards Moderated 3
Alias Born 03/27/2007

Re: None

Monday, 04/15/2024 9:11:58 AM

Monday, April 15, 2024 9:11:58 AM

Post# of 364055
Argus upgraded Constellation Brands to Buy from Hold with a $306 price target. The stock is trading at 18.6-times the firm's revised FY25 earnings estimate, but a higher multiple is warranted given the company's prospects for strong sales and earnings and management's plans to increase beer output, the analyst tells investors in a research note. Argus is also raising its FY25 EPS view for Constellation Brands to $14.20 from $13.90 while setting its FY26 estimate at $15.30 with a positive view of prospects for dividend hikes and ongoing earnings growth, the firm added.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.