Deutsche Bank Raises Price Target on Constellation Brands

Deutsche Bank increased its price target for Constellation Brands (STZ) to $160, up from $156. The bank maintained its "Hold" rating on the stock.

Analysts suggest a slightly more positive outlook on the company’s valuation. However, the neutral rating indicates they do not see a strong catalyst for significant near-term outperformance.

This adjustment comes amid ongoing coverage of the beverage and alcohol company. FactSet data shows the average analyst rating for STZ is "overweight," carrying a mean price target of $169.18. No significant market reaction to this specific rating change was noted.