Argus analyst John Staszak raised his price target on Constellation Brands to $230 and kept his Buy rating after its Q2 earnings beat, also keeping his FY20 and FY21 EPS views at $9.10 and $10.30. The analyst is positive on the company's recent additions to its brand portfolio, with increased focus on the U.S. beer market and higher than expected operating margin, noting that Constellation Brands should continue to benefit from economies of scale. Staszak adds that while the multiple of 21.4-times his expected earnings is above the company's 10-year historical average of 18 and the average of 17 for other growing Consumer Staples companies, it is warranted by the company's prospects for above average growth.