Array of Headwinds Moves Constellation Bull to Sidelines -- Market Talk

Dow Jones

Mar 20, 2025

0838 ET - Citi downgrades Constellation Brands to neutral from buy, saying the beer, wine and liquor maker faces too many external headwinds. Citi's Filippo Falorni and Jonmichael Shekian say they believe a recent beer topline slowdown could linger with Hispanic consumer weakness, a soft U.S. beer category and looming tariff risks. Citi says that while Constellation has delivered strong beer growth since the 2014 acquisition of its Mexican beer portfolio, depletions have slowed to 2.8% growth over the last two quarters and could fall 2% in F4Q25, which could be the first negative number since the acquisition. Citi slashes its price target on Constellation to $200 from $260. Constellation down 1% premarket to $176.96. (colin.kellaher@wsj.com)

(END) Dow Jones Newswires

March 20, 2025 08:38 ET (12:38 GMT)

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Citi's Filippo Falorni and Jonmichael Shekian say they believe a recent beer topline slowdown could linger with Hispanic consumer weakness, a soft U.S. beer category and looming tariff risks. Citi says that while Constellation has delivered strong beer growth since the 2014 acquisition of its Mexican beer portfolio, depletions have slowed to 2.8% growth over the last two quarters and could fall 2% in F4Q25, which could be the first negative number since the acquisition. Citi slashes its price target on Constellation to $200 from $260. Constellation down 1% premarket to $176.96. (colin.kellaher@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2025 08:38 ET (12:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Array of Headwinds Moves Constellation Bull to Sidelines -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArray of Headwinds Moves Constellation Bull to Sidelines -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-20 20:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0838 ET - Citi downgrades Constellation Brands to neutral from buy, saying the beer, wine and liquor maker faces too many external headwinds. Citi's Filippo Falorni and Jonmichael Shekian say they believe a recent beer topline slowdown could linger with Hispanic consumer weakness, a soft U.S. beer category and looming tariff risks. Citi says that while Constellation has delivered strong beer growth since the 2014 acquisition of its Mexican beer portfolio, depletions have slowed to 2.8% growth over the last two quarters and could fall 2% in F4Q25, which could be the first negative number since the acquisition. Citi slashes its price target on Constellation to $200 from $260. Constellation down 1% premarket to $176.96. (colin.kellaher@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2025 08:38 ET (12:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2552382058.USD","symbol_name":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2520422456","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520422456","pubTimestamp":1742474280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0838 ET - Citi downgrades Constellation Brands to neutral from buy, saying the beer, wine and liquor maker faces too many external headwinds. Citi's Filippo Falorni and Jonmichael Shekian say they believe a recent beer topline slowdown could linger with Hispanic consumer weakness, a soft U.S. beer category and looming tariff risks. Citi says that while Constellation has delivered strong beer growth since the 2014 acquisition of its Mexican beer portfolio, depletions have slowed to 2.8% growth over the last two quarters and could fall 2% in F4Q25, which could be the first negative number since the acquisition. Citi slashes its price target on Constellation to $200 from $260. Constellation down 1% premarket to $176.96. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","CSTA.U":"Constellation Acquisition Corp I","BK4588":"碎股","BK4504":"桥水持仓","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","STZ":"星座品牌","BK4169":"酿酒商与葡萄酒商","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","BK4585":"ETF&股票定投概念"},"translate_title":"一系列不利因素让星座牛市观望——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSTA.U":1,"STZ":0.9},"content_text":"0838 ET - Citi downgrades Constellation Brands to neutral from buy, saying the beer, wine and liquor maker faces too many external headwinds. Citi's Filippo Falorni and Jonmichael Shekian say they believe a recent beer topline slowdown could linger with Hispanic consumer weakness, a soft U.S. beer category and looming tariff risks. Citi says that while Constellation has delivered strong beer growth since the 2014 acquisition of its Mexican beer portfolio, depletions have slowed to 2.8% growth over the last two quarters and could fall 2% in F4Q25, which could be the first negative number since the acquisition. Citi slashes its price target on Constellation to $200 from $260. Constellation down 1% premarket to $176.96. (colin.kellaher@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  March 20, 2025 08:38 ET (12:38 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"}}}