Higher tariffs on ink could negatively impact the performance of STZ.US, according to RBC, which has lowered its target price to $289.

RBC Capital maintains a "Outperform" rating on Constellation Brands (STZ.US) with a target price of $289, down from $293. The firm said in a research note that despite the company delivering on most of its promises, achieving friendly capital allocation to shareholders, 7%-9% revenue growth in beer and industry-leading margins, and a significantly improved shareholder structure, the stock has been flat over the past five years. The firm added that the company is currently facing too many headwinds that will be reflected in poor results and may lower its midterm revenue forecast for beer.