Constellation Brands (STZ) PT Raised to $176 at UBS Following 4Q
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Price: $141.51 +0.23%
Rating Summary:
22 Buy, 14 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
22 Buy, 14 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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UBS raised its price target on Constellation Brands (NYSE: STZ) to $176.00 (from $162.00) while maintaining a Neutral rating following the company's 4Q earnings report.
STZ delivered 4Q EPS of $1.48, ahead of the consensus of $1.36. Organic growth of +7.0% was driven by organic beer growth of +10.0% and wine growth of +4.0. FY18 EPS guidance of $7.70-$8.00 includes a ~40c benefit from a lower expected tax rate.
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