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Stock impact report

Piper Sandler Cuts Price Target on Constellation Brands (STZ) as it Faces Headwinds From GLP-1 Weight Loss Drugs [Yahoo! Finance]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: Yahoo! Finance
Constellation Brands, Inc. (NYSE:STZ) to $135 from $155 while keeping a Neutral rating for the alcohol company. The firm cited increasing strain from GLP-1 weight loss pharmaceuticals as a major reason for the downgrading, stating that recent price cuts for these prescriptions have likely encouraged consumer uptake. According to Piper Sandler, this tendency might produce an extra 30-70 basis point annual headwind for US alcohol sales, compounding beer's existing negative 4.7% category trend. Antonio Gravante / Shutterstock.com The firm also cited higher alcohol by volume beverages as another hurdle, which might result in a percentage point or higher of volume strain, with additional category innovation predicted in this market. As a consequence, Piper Sandler reduced its estimate of beer volume growth by around 1.0 percentage points for Constellation's fiscal fourth quarter of 2026, and by roughly 1.5 percentage points every quarter starting with the fiscal first quarter of 2027 Show less Read more
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