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Constellation Brands lowers 2026 earnings forecast due to economic challenges, impacting stock.
Constellation Brands, a major beer, wine, and spirits producer, has lowered its fiscal 2026 earnings forecast due to a challenging economic environment.
The company now expects earnings per share between $10.77 and $11.07, down from a previous range of $12.07 to $12.37.
It projects a 6% to 4% decline in sales, impacting its stock, which fell 8%.
Despite this, the company's stock was rated a "Moderate Buy" with a price target of $212.35.
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Constellation Brands reduce su pronóstico de ganancias para 2026 debido a los desafíos económicos que afectan a las acciones.