Wells Fargo raised its price target for Constellation Brands (STZ) to $160, up from $155. The bank maintained its Overweight rating ahead of the company's fiscal third-quarter earnings report.
Wells Fargo anticipates the upcoming results will align largely with consensus estimates. The bank forecasts a more significant positive shift in the fourth quarter, citing easier year-over-year comparisons as the primary driver.
The scheduled earnings release is January 7, 2026. While the beer segment, featuring brands like Modelo and Corona, shows strength, the wine and spirits division faces headwinds. This action follows mixed analyst sentiment, including a recent downgrade from Jefferies and a lowered price target from Piper Sandler.