Constellation Brands (STZ) issued fiscal 2026 guidance below the Street consensus and reduced its medium-term outlook for organic net sales growth, Truist Securities said in a Wednesday note, advising investors to "remain on the sidelines."
"We were, admittedly, surprised the company provided any future guidance in light of the tariff related uncertainty," the analysts said. "We advise investors to remain on the sidelines until the dust clears, likely 2-3 quarters from now."
The analysts said they "do not see the merit" in the company's plan sell its mainstream wine brands to The Wine Group for about $900 million and that they have "limited confidence" in the company's beer volume outlook.
Truist maintained its Hold rating on Constellation shares, and its $190 price target.
Shares of Constellation Brands were 0.4% higher at $184.10 in recent trading.
Price: 182.84, Change: -0.56, Percent Change: -0.31
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