Wedbush analyst Gerald Pascarelli reiterated an Outperform rating on the shares of Constellation Brands Inc (NYSE: STZ) and raised the price target from $275 to $300.
The analyst added STZ to the Wedbush Best Ideas List (BIL).
STZ reports 2Q FY24 earnings on Thursday, October 5, before the market opens.
For the quarter, the analyst is modeling for beer revenue growth of 9.7% on 7.5% shipments/ depletions and about 2 points of pricing.
Margins will likely remain under pressure due to outsized levels of input cost inflation, with margins to be
broadly in ...