Constellation Brands (STZ) Stock News

Piper Sandler lowered its price target for Constellation Brands from $161.00 to $125.00 per share.

Deutsche Bank lowered its price target for Constellation Brands from $136.00 to $127.00 per share.

RBC Capital lowered its price target for Constellation Brands from $185.00 to $182.00.

HSBC Securities lowered its rating on Constellation Brands (STZ) from Buy to Hold.

HSBC lowered its price target for Constellation Brands from $192.00 to $135.00.

STZ higher after Q2 beat. Beer sales +5% but depletions -0.6% as restocking boosts shipments. Modelo and Corona depletions fell. Beer margin contracted 160bps. FY27 EPS guidance reaffirmed. Veracruz opening delayed to early FY28.

SpaceX shares edged lower after reports it seeks $40 billion to buy Nvidia chips. Constellation Brands rose after reporting higher profit and revenue. LG Electronics tumbled over 10% on a third-quarter profit warning. Societe Generale slid 5% on France fiscal concerns, dragging other European banks. Porsche slipped despite plans to raise average selling prices by 20%. Levi Strauss reports after the close.

Constellation Brands reported Q2 earnings above estimates, but beer depletions fell 0.6%, signaling weak retail demand. Shares dropped 4.5% in premarket trading. Wine and spirits improved. The company acquired SpikedAde for $75M upfront and reaffirmed fiscal 2027 outlook.

Stock futures dropped Wednesday as investors locked in profits after the recent AI rally. SpaceX fell 2.2% premarket on a report it plans to raise $40 billion in debt for Nvidia chips. Intel rose 1.3% after Elon Musk downplayed TSMC's role in the Terafab project. Constellation Brands dropped 4.9% after its earnings beat but showed weak demand for Modelo and Corona. FICO slipped 0.1% after announcing a 15% staff cut and AI integration. Applied Digital and Levi Strauss report after the close.

Constellation Brands reported Q2 sales of $2.63B and adjusted EPS of $3.74, both above estimates. Beer depletions fell 0.6%, signaling weak underlying demand. Shares fell 4.5% after-hours.

Constellation Brands (STZ) acquired SpikedAde, a spirit-based RTD brand, for $75M upfront plus up to $278M contingent. The brand will be integrated into the beer division.

Constellation Brands is acquiring SpikedAde, a spirit-based RTD brand, for $75 million at close plus up to $278 million in performance-based earnouts over five years. SpikedAde offers zero-sugar, 100-calorie vodka-based drinks in sports-drink flavors. The brand is established in the eastern U.S. Constellation sees the deal as a move into the fast-growing spirit-based RTD segment.

Constellation Brands reports second quarter fiscal 2027 results.

Constellation Brands (STZ) traded at $113.23, down 0.35%, on pace for its lowest close since March 23, 2020. The stock has fallen for 10 straight sessions, the longest losing streak since August 2011. It is down 58.49% from its all-time closing high. Data from Dow Jones Market Data and FactSet.

JPMorgan cut Constellation Brands' price target to $133 from $165, reflecting a sharply lower valuation view.

Constellation Brands announced a $100 million investment in U.S. farmers over five years, focusing on growers in Idaho, Montana, and North Dakota.

Berkshire Hathaway Q2 portfolio adds D.R. Horton, exits Constellation Brands, boosts Alphabet.