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STZ

Constellation Brands

$150.91

-21.38 (-12.41%)

, CGC

Canopy Growth

$33.64

4.01 (13.53%)

08:14
01/10/19
01/10
08:14
01/10/19
08:14

Constellation Brands price target lowered to $165 from $180 at SunTrust

SunTrust analyst William Chappell lowered his price target on Constellation Brands (STZ) to $165 and kept his Hold rating on the stock. The analyst cites the company's reported expectations of declining wine and spirits sales, adding that the latest $4B investment in Canopy Growth (CGC) will be the "cloud" hanging over the stock for the next few quarters because of the uncertainty related to its potential growth.

STZ

Constellation Brands

$150.91

-21.38 (-12.41%)

CGC

Canopy Growth

$33.64

4.01 (13.53%)

  • 18

    Feb

STZ Constellation Brands
$150.91

-21.38 (-12.41%)

01/10/19
GSCO
01/10/19
UPGRADE
Target $211
GSCO
Buy
Constellation Brands upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Judy Hong upgraded Constellation Brands (STZ) to Buy while lowering her price target for the shares to $211 from $243. The stock closed yesterday down 12.5%, or $21.57, to $150.94 post the company's Q3 earnings report. Constellation is down over 30% in the past 12 months, mostly driven by multiple contraction, Hong tells investors in a research note. The analyst reduced her estimates to reflect a "softer outlook" but sees a "compelling" risk/reward at current share levels. Her model yields a $195 per share value for the core business excluding Canopy Growth (CGC) and a consolidated price target of $211, pointing to 40% upside. Beer sales growth should remain healthy and beer margins should improve in fiscal 2020 as cost headwinds are lapped, Hong contends. Further, she believes Constellation shares could outperform even if investors assign zero value to its investment in Canopy.
01/10/19
SBSH
01/10/19
NO CHANGE
Target $168
SBSH
Neutral
Constellation Brands price target lowered to $168 from $240 at Citi
Citi analyst Wendy Nicholson lowered her price target for Constellation Brands to $168 to reflect yesterday's updated 2019 guidance. The analyst keeps a Neutral rating on the shares.
01/10/19
JPMS
01/10/19
NO CHANGE
Target $193
JPMS
Overweight
Constellation Brands selloff yesterday 'seems exaggerated', says JPMorgan
JPMorgan analyst Andrea Teixeira lowered her price target for Constellation Brands to $193 from $220 and keeps an Overweight rating on the shares following yesterday's Q3 earnings and upside fiscal 2019 guidance. The reduction in guidance more than offset the 5% beat in the quarter, and fueled the bear thesis that the beer business will decelerate faster than consensus already anticipates, Teixeira tells investors in a post-earnings research note. The analyst, however, thinks the stock's selloff yesterday "seems exaggerated." The lowered guidance came in mostly on the back of weaker outlook for the lower-end wine brands which are non-core, says the analyst. She believes patience will pay-off for medium to long-term investors.
01/10/19
COWN
01/10/19
NO CHANGE
Target $220
COWN
Outperform
Constellation Brands price target lowered to $220, remains top pick at Cowen
Cowen analyst Vivien Azer lowered her price target on Constellation Brands to $220 from $260 following Q3 results. The analyst cited its guidance and wine challenges. However, she remains positive on the company given its best-in-class beer portfolio, meaningful exposure to cannabis, and a strong shareholder return outlook for the next three years. Azer reiterated her Outperform rating on Constellation Brands shares.
CGC Canopy Growth
$33.64

4.01 (13.53%)

01/04/19
WELS
01/04/19
NO CHANGE
Target $260
WELS
Outperform
Constellation 'one of the most attractive stocks' in Staples, says Wells Fargo
Wells Fargo analyst Bonnie Herzog reiterated an Outperform rating and $260 price target on Constellation Brands (STZ), telling investors in a research note that she believes Constellation is one of the most attractive stocks in Staples, given scarcity of growth across the group and the pullback, which she says is "unjustified." While she expects Constellation to lower FY19 EPS guidance to reflect 25c-30c of interest expense from the increased stake in Canopy Growth (CGC), Herzog believes Q3 results may surprise to the upside based on strong performance in Nielsen scanner data through December and potential beer margin upside from lower marketing investments. She sees Q3 results as a potential positive catalyst and encourages long-term investors to accumulate positions in the stock.
01/09/19
PIPR
01/09/19
INITIATION
Target $40
PIPR
Overweight
Canopy Growth initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Michael Lavery started Canopy Growth with an Overweight rating and $40 price target. The analyst expects "strong" sales growth from the company, driven by "strong sustainable category momentum." Canopy's capacity advantages, beverage partnership, and balance sheet position it well over the near-term, Lavery tells investors in a research note. He also believes the company's clinical trials and intellectual property should add competitive advantages longer term.
01/09/19
PIPR
01/09/19
INITIATION
PIPR
Overweight
Piper Jaffray rolls out bullish research coverage on Canopy Growth, Tilray
Piper Jaffray analyst Michael Lavery initiated coverage of Canopy Growth (CGC) and Tilray (TLRY) with Overweight ratings and price targets of $40 and $90, respectively. The analyst believes the global Cannabis market has the potential to reach $250B-$500B over the long term and $15B-$50B in the near term. The industry's long-term growth opportunities are significant, both from transitioning illicit trade to legal sales and from transitioning sales in health and wellness categories to cannabidiol-infused products, Lavery tells investors in a research note. The analyst expects recreational use to source from illicit trade and alcohol, medical use to source from other medical treatments, and non-psychoactive CBD-infused cannabis products to source users from food, beverage, and personal care categories. Over 25 countries have legal marijuana use today, he points out. Lavery believes federal legalization in the U.S. could potentially come in the next five years. Further, the analyst expects capital flow into the sector will likely continue.

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Wells Fargo

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MRVL

Marvell

$16.43

-0.2 (-1.20%)

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$25.94

-0.03 (-0.12%)

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JPM

JPMorgan

$102.10

-0.38 (-0.37%)

, PYPL

PayPal

$90.34

-0.18 (-0.20%)

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JPM

JPMorgan

$102.10

-0.38 (-0.37%)

PYPL

PayPal

$90.34

-0.18 (-0.20%)

MA

MasterCard

$198.34

0.56 (0.28%)

V

Visa

$137.01

-0.31 (-0.23%)

AXP

American Express

$99.38

-0.02 (-0.02%)

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FB

Facebook

$148.78

1.3 (0.88%)

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USO

United States Oil Fund

$10.77

-0.275 (-2.49%)

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Size straddle crossed firm-to-firm tied to stock in US Oil ETF »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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BNPQY

BNP Paribas

$0.00

(0.00%)

, SCGLY

Societe Generale

$0.00

(0.00%)

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BNPQY

BNP Paribas

$0.00

(0.00%)

SCGLY

Societe Generale

$0.00

(0.00%)

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NDAQ

Nasdaq

$82.91

-0.07 (-0.08%)

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AMRN

Amarin

$17.30

0.68 (4.09%)

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FFIV

F5 Networks

$156.81

-5.05 (-3.12%)

, CMG

Chipotle

$515.33

0.83 (0.16%)

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CMG

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PUMP

ProPetro Holding

$15.15

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HAL

Halliburton

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XLNX

Xilinx

$90.73

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EA

Electronic Arts

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-1.73 (-1.92%)

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SKX

Skechers

$26.68

1.31 (5.16%)

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