Wells Fargo upgrades STZ to "Overweight" with declining earnings and revenue, issuing redemption notices.
From Financial Modeling Prep: 2025-06-27 09:00:00
Wells Fargo upgrades Constellation Brands, Inc. (NYSE:STZ) to “Overweight” but advises holding position. First-quarter earnings expected to decline to $3.29 per share with projected revenue of $2.56 billion. Company issues redemption notices for 4.75% and 5.00% Senior Notes due in 2025 and 2026, impacting stock performance. Stock price currently at $161.32, with trading volume of 1,815,599 shares.
Read more at Financial Modeling Prep:: Constellation Brands, Inc. (NYSE:STZ) Earnings Out…