The analyst firm confirms its Buy recommendation on the stock, with a price target of $314.

' The beer sector is on the rise and should continue to do so, with gains in shelf space. Wines and spirits continue to struggle - a cause for concern in this sustainable volume growth sector, which is characterized by rising margins, better FCF and (potentially) higher returns on investment' says Jefferies in its analysis of the day.

' At 14 times EBITDA, the shares have not yet been fully valued', says the analyst firm.

With EPS of $12.06 and FCF of $1.5 billion for the past year, Constellation Brands is expecting target ranges of $13.50 to $13.80 and $1.4 to $1.5 billion for 2024.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.