Constellation Brands (STZ) has seen several analyst firms lower their price targets following a downward revision of its fiscal 2026 guidance, citing inventory headwinds and softer beer demand. Bernstein, BMO Capital, TD Cowen, Evercore ISI, and Jefferies all reduced their targets, with TD Cowen specifically noting weakening beer sales and a downward revision in organic growth forecasts. Management updated its fiscal 2026 outlook on September 2, 2025, projecting beer net sales to decline (4)% to (2)% and comparable operating income to fall (11)% to (9)%, reflecting ongoing challenges in the beer segment and distributor inventory rebalancing. STZ shares closed at $130.53 on November 18, 2025, down 0.33% from the previous session, continuing a trend of underperformance as the company navigates socioeconomic headwinds and shifting consumer demand. The consensus among analysts is cautious, with most maintaining Hold ratings and expressing concern over profitability and margin pressures.