Market Watch: Bank of America Downgrades Constellation Brands, Upgrades AMD

Tuesday, Aug 26, 2025 3:54 pm ET1min read

Constellation Brands (STZ) was downgraded to Underperform by Bank of America, while Oklo (OKLO) received a Buy rating. AMD (AMD) was upgraded by Truist. Josh Lipton and Kevin Mahn discuss the trends in these tickers ahead of the closing bell.

Constellation Brands (STZ) faced a significant setback today as Bank of America downgraded the company to "underperform" from "neutral." The analysts cited declining beer consumption and pressure on Hispanic consumers as key factors contributing to the downgrade. Additionally, Bank of America lowered its price target for Constellation to $150 from $182 [1].

Constellation Brands has been under pressure due to various headwinds, including tariffs, immigration enforcement, and long-term trends in the alcohol industry. The company has seen a decline of over 25% since the start of the year [1].

Oklo (OKLO) received a positive boost from Bank of America, which initiated coverage with a "Buy" rating and a $92 price target. The analysts highlighted the growing momentum for nuclear power, backed by the U.S. Department of Energy and data center operators. Oklo is well-positioned to meet the rising energy needs of AI and has the largest publicly disclosed customer pipeline among small modular reactor developers [2].

AMD (AMD) also saw a positive move as it was upgraded by Truist. The company is partnering with IBM to develop "quantum-centric supercomputing," integrating AMD's products with IBM's quantum computers to accelerate emerging algorithms [3].

These moves come as investors and financial professionals continue to monitor the trends in these tickers ahead of the closing bell. The market remains volatile, and these changes underscore the importance of staying informed about the latest developments in the financial sector.

References:
[1] https://sherwood.news/markets/constellation-brands-slips-after-getting-its-only-sell-rating-from-bank-of-america/
[2] https://seekingalpha.com/news/4489284-oklo-initiated-buy-at-bofa-citing-largest-visible-pipeline-with-hyperscaler-upside
[3] https://www.marketbeat.com/instant-alerts/filing-hotchkis-wiley-capital-management-llc-boosts-stake-in-truist-financial-corporation-tfc-2025-08-23/

Market Watch: Bank of America Downgrades Constellation Brands, Upgrades AMD

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