BMO maintains $190 price target for Constellation Brands after 29% stock decline since February
STZ Constellation Brands Inc
$145.51 +2.49%
View chart & analysis → - 1BMO Capital reaffirmed an Outperform rating and a $190 price target for Constellation Brands on October 8.
- 2Constellation Brands recorded a 0.6% decrease in beer depletion for the quarter ended August 31.
- 3Constellation Brands is trading at a forward price-to-earnings ratio of 9.9x relative to forward earnings.
So what's the key point?
BMO Capital maintained its view that Constellation Brands' stock price will rise further. Although beer sales volume decreased by 0.6%, experts view the company's value highly.
Source TIKR · View original ↗
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