Nomura Securities Starts Constellation Brands (STZ) at Neutral

Nomura Securities initiates coverage on Constellation Brands (NYSE: STZ) with a Neutral rating and a price target of $130.00.

Analyst Edward Mundy commented, "As part of our coverage of global beverages companies, we initiate coverage of Constellation Brands (STZ), one of the largest multi-category alcohol beverage suppliers in the US, with a Neutral rating and target price of USD 130. We are positive on the growth of Mexican imports in the US; however, valuation is at an absolute and relative high vs peers ."

For an analyst ratings summary and ratings history on Constellation Brands click here. For more ratings news on Constellation Brands click here.

Shares of Constellation Brands closed at $131.16 yesterday.

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