Citi Upgrades Constellation Brands to Buy, Raises Price Target to $175

Citi has upgraded Constellation Brands (STZ) to Buy from Neutral and raised the price target to $175 from $155. The firm cited improved beer scanner data ahead of the summer season, easy comparisons through 2026, and historically low valuation levels. Constellation Brands announced its CEO succession plan, with Nicholas Fink set to succeed Bill Newlands in April 2026. The company produces, markets, and distributes wine, beer, and spirits through the Beer, Wine, Spirits, Corporate Operations and Other, and Canopy segments.