{
  "id": 12894803,
  "title": "Freedom Broker upgrades Constellation Brands stock rating on solid Q2 results",
  "url": "https://urgent.news/2026/10/08/freedom-broker-upgrades-constellation-brands-stock-rating-on-solid-q2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T15:24:48.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/freedom-broker-upgrades-constellation-brands-stock-rating-on-solid-q2-results-93CH-4939430"
  },
  "original_language": "en",
  "account": "Freedom Broker upgraded Constellation Brands' stock rating to \"Buy\" after reviewing the company's strong second-quarter results. The brokerage set a price target of $158 per share, slightly lower than the previously stated $173. Constellation Brands reported consolidated net sales of $2.63 billion, marking a 6% increase year-over-year. Their earnings per share of $3.74 exceeded analyst expectations. The upgraded rating is supported by Constellation's current undervaluation at $121.84, based on InvestingPro's Fair Value assessment. The stock demonstrates an attractive P/E ratio of 10.98 and a low PEG ratio of 0.17.\n\nBoth the Beer and Wine & Spirits segments surpassed analyst forecasts. Beer shipments grew by 5.5%, while beer depletions, signaling underlying consumer demand, declined by 0.6%. Modelo Especial and Corona Extra experienced slight declines in sales, but this was offset by growth in Pacifico, Victoria, and Modelo Chelada. Constellation Brands emerged as the top dollar share gainer in the beverage alcohol industry for the quarter, with beer businesses leading in both dollar and volume share gains in key U.S. markets.\n\nManagers reiterated their fiscal 2027 EPS guidance between $11.20 and $11.90, while raising the reported EPS range to $11.85 to $12.55. If September trends continue positively, the company anticipates finishing near the upper end of this range. Investors with an InvestingPro subscription gain access to additional insights, including the company's impressive 12-year dividend growth streak. Constellation Brands also reported a Q2 2027 EPS of $3.74, surpassing the consensus estimate of $3.55. Analysts attribute this outcome to strong beer revenue and improved performance in wine and spirits. Following the earnings release, BMO Capital reinstated an \"Outperform\" rating with a price target of $190. Other firms, such as Needham, Piper Sandler, UBS, and RBC Capital, adjusted their price targets for Constellation Brands, with some lowering targets due to concerns over depletion or margin expectations, while others maintained or upgraded their ratings based on the company's strong performance and outlook.",
  "summary": null,
  "key_points": [
    "Freedom Broker upgrades Constellation Brands stock rating to Buy",
    "Q2 results show $2.63 billion in consolidated net sales, 6% YoY growth",
    "EPS of $3.74 exceeds analyst expectations, supporting valuation"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}