Constellation Brands Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Core Insights - Constellation Brands, Inc. is set to release its fourth-quarter earnings results on April 9, with analysts expecting earnings of $2.28 per share, an increase from $2.26 per share in the previous year [1] - The company is projected to report quarterly revenue of $2.13 billion, slightly down from $2.14 billion a year earlier [1] Management Changes - On February 18, Constellation Brands announced the departure of E. Yuri Hermida, the Executive Vice President, Chief Growth & Strategy Officer [2] - Following this announcement, Constellation shares fell by 0.9%, closing at $170.96 [2] Analyst Ratings - Wells Fargo analyst Chris Carey maintained an Overweight rating but reduced the price target from $230 to $210 [4] - Barclays analyst Lauren Lieberman also maintained an Overweight rating, cutting the price target from $205 to $203 [4] - Morgan Stanley analyst Dara Mohsenian downgraded the stock from Overweight to Equal-Weight, lowering the price target from $220 to $202 [4] - Piper Sandler analyst Michael Lavery downgraded the stock from Overweight to Neutral, reducing the price target from $245 to $200 [4] - TD Cowen analyst Robert Moskow maintained a Hold rating and decreased the price target from $270 to $260 [4]