Tariff Worries Sideline a Constellation Brands Bull -- Market Talk

Dow Jones

Feb 03, 2025

0929 ET - On the heels of the Trump administration's pledge to enact 25% tariffs on imports from Mexico, Piper Sandler downgrades Modelo and Corona brewer Constellation Brands to neutral from overweight. In a research note, Piper's Michael Lavery and Luke Maloney say they expect the tariffs will last for at least about a quarter, adding that a full fiscal year of tariffs could clip Constellation's FY26 earnings by $3.00-3.75 a share. Piper's price target on Constellation goes to $200 from $245. Constellation down 7.2% premarket to $168.98. (colin.kellaher@wsj.com)

(END) Dow Jones Newswires

February 03, 2025 09:29 ET (14:29 GMT)

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In a research note, Piper's Michael Lavery and Luke Maloney say they expect the tariffs will last for at least about a quarter, adding that a full fiscal year of tariffs could clip Constellation's FY26 earnings by $3.00-3.75 a share. Piper's price target on Constellation goes to $200 from $245. Constellation down 7.2% premarket to $168.98. 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In a research note, Piper's Michael Lavery and Luke Maloney say they expect the tariffs will last for at least about a quarter, adding that a full fiscal year of tariffs could clip Constellation's FY26 earnings by $3.00-3.75 a share. Piper's price target on Constellation goes to $200 from $245. Constellation down 7.2% premarket to $168.98. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","STZ":"星座品牌","CSTA.U":"Constellation Acquisition Corp I","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","BK4504":"桥水持仓","BK4169":"酿酒商与葡萄酒商"},"translate_title":"关税担忧令星座品牌牛市边缘化——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSTA.U":1,"STZ":0.9},"content_text":"0929 ET - On the heels of the Trump administration's pledge to enact 25% tariffs on imports from Mexico, Piper Sandler downgrades Modelo and Corona brewer Constellation Brands to neutral from overweight. In a research note, Piper's Michael Lavery and Luke Maloney say they expect the tariffs will last for at least about a quarter, adding that a full fiscal year of tariffs could clip Constellation's FY26 earnings by $3.00-3.75 a share. Piper's price target on Constellation goes to $200 from $245. Constellation down 7.2% premarket to $168.98. (colin.kellaher@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2025 09:29 ET (14:29 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}