Wells Fargo cuts target for Constellation Brands stock to USD 140.00

Published on 10/06/2026 at 13:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal first-quarter sales fell 3.00 percent to USD 2.43 billion. Constellation Brands stock costs EUR 101.25 on October 6, 2026 after EUR 100.75.

Architekturrendering eines modernen Glasgebäudes mit Wasserspiel und Begrünung — Constellation Brands modernes Firmenzentrale Glasgebäude als fotorealistischer Architektur-Render mit Wasserbecken US21036P1084 Abendsonne, Illustration mit AI erstellt.

Constellation Brands (ISIN US21036P1084) was trading at EUR 101.25 at Lang & Schwarz on October 6, 2026 at 1:09 p.m. CEST, versus a prior close of EUR 100.75. According to MarketBeat on October 6, 2026, Wells Fargo lowered its Constellation Brands price target from USD 170.00 to USD 140.00 while keeping an Overweight rating.

Wells Fargo lowers its target

The analyst action adds pressure ahead of Constellation Brands' fiscal second-quarter report. MarketBeat also reported a USD 110.60 52-week low during the October 6 session and cited an average analyst target of USD 157.40, giving the target cut a clear valuation context.

Yahoo Finance reported on October 6, 2026 that JPMorgan cut its target from USD 165.00 to USD 133.00 and Barclays reduced its target from USD 132.00 to USD 122.00. Citi cut its target from USD 185.00 to USD 165.00 but retained a Buy rating.

First-quarter numbers split the picture

Constellation Brands generated USD 2.43 billion in net sales in fiscal first quarter 2027, down 3.00 percent from the comparable period, according to StockTitan. GAAP diluted earnings per share reached USD 3.79, up 31.00 percent, while operating cash flow totaled USD 661.8 million.

The beer segment produced USD 2.28 billion in fiscal first-quarter sales, up 2.00 percent, and posted a 39.00 percent operating margin. Wine and Spirits sales fell 47.00 percent to USD 149.2 million after the company sold brands, although organic sales increased 8.00 percent.

StockTitan also reported fiscal 2027 guidance for GAAP earnings per share of USD 11.50 to USD 12.20, comparable earnings per share of USD 11.20 to USD 11.90 and free cash flow of USD 1.6 billion to USD 1.7 billion. The split between beer resilience and weaker wine and spirits results explains why analysts can lower targets even after higher first-quarter earnings per share.

October earnings set the next test

According to ScanX on October 6, 2026, Constellation Brands is scheduled to report fiscal second-quarter results after the US market close. The same source said analysts expect USD 3.57 in earnings per share and USD 2.54 billion in revenue for the quarter.

The upcoming report therefore has two measurable tests: whether beer demand improves from the first-quarter sales base and whether the margin profile supports the fiscal 2027 cash-flow outlook. The company also scheduled its earnings call for October 7, 2026 at 8:00 a.m. ET, giving management an opportunity to address volume, costs and the revised analyst expectations.

EUR price stays above prior close

Constellation Brands was trading at EUR 101.25 at Lang & Schwarz on October 6, 2026 at 1:09 p.m. CEST, up 0.50 percent versus the Lang & Schwarz prior close of EUR 100.75. The move is below the threshold for a directional headline, while the Wells Fargo target of USD 140.00 and the USD 110.60 low provide the more relevant valuation markers.

The further course of trading is shown by the continuously updated real-time quote of Constellation Brands stock.