Evercore ISI Retains Bullish Outlook on Constellation Brands Despite Q2 Earnings Miss

Evercore ISI retained its Buy rating on Constellation Brands (STZ) with a price target of $170. The company exceeded earnings estimates and increased brand loyalty during Q2 FY2026. Despite falling short in sales, the company overcame volume challenges in its beer segments amid macroeconomic pressures. The focus was on the company's clarity on brand loyalty metrics and Corona portfolio dynamics, with increased brand loyalty for Corona and Modelo.