Constellation Brands down after Jefferies cuts PT on weak demand

Constellation Brands

30/09/2025 19:19

** Shares of Corona beer maker Constellation Brands  down 1.6% at $134.26

** Jefferies cuts price target to $167 from $179, citing money concerns, poor weather and weaker consumption in regions including the Americas

** "Summer 2025 was broadly more chilly, and heavier June rain put a damp on beer consumption," brokerage says

** Earlier this month, STZ cut its fiscal 2026 forecasts due to soft consumer demand

** STZ revised its second-quarter result dates, now expects to report on October 6

** Average rating of 26 analysts is "buy", with a median PT of $180 — data compiled by LSEG

** Including session moves, STZ down nearly 39% YTD

(Reporting by Sanskriti Shekhar)

((Sanskriti.Shekhar@thomsonreuters.com))