- Susquehanna analyst Pablo Zuanic thinks investors should wait for a better entry point before jumping into Constellation Brands (NYSE:STZ).
- He notes the 7% post-election pullback still doesn't fairly discount trade/Mexico risks and slowing scanner data on Corona.
- "Our price target is now $147 ($154 prior). On our tax-adjusted EBITDA comps, we would value the beer unit at a 5-10% premium to consumer staples at best," writes Zuanic in a note provided to Seeking Alpha.
- The beer stock is rated at Neutral.
Susquehanna not a buyer yet of Constellation Brands
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Symbol | Last Price | % Chg |
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STZ | - | - |
Constellation Brands, Inc. |