Constellation Brands, Inc.(NYSE:STZ)announced upbeat earnings for its second quarter on Thursday.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
Truist Securities OnConstellation Brands
Analyst Bill Chappell reiterated a Hold rating, while reducing the price target from $265 to $255.
Constellation Brands reported net sales of $2.919 billion, slightly missing the consensus of $2.946 billion, while its adjusted earnings (ex-Canopy) came in at $4.32 per share, beating the Street's $4.08 per share expectation, Chappell said in a note. "The company also maintained the FY25 Sales and adj. EPS guidance it issued in early September...
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