TD Cowen upgraded Constellation Brands (STZ) to Buy from Hold. The firm raised its price target to $190 from $142.
Analysts labeled the company’s fiscal 2027 beer segment guidance as overly conservative. Growth drivers include easing year-over-year comparisons and potential tailwinds from the World Cup. Reduced economic pressure on Hispanic consumers is also expected to boost performance.
Constellation Brands shares rose in pre-market trading on April 13, 2026. New CEO Nicholas Fink officially began his tenure on the same day.
TD Cowen expects the company’s valuation multiple to expand as market confidence grows. The firm anticipates volume growth despite a broader decline in the beer market.