Constellation Brands NYSE:STZ faces price target reduction amid lower beer sales forecast

Constellation Brands, Inc. (STZ) has faced a challenging week as its stock declined by 4.5%, resulting in further losses for shareholders. This decline has taken the one-year losses for the company to 32%, according to reports from Yahoo Finance and MSN. The price target reduction comes as the company's beer sales forecast has been lowered, adding to concerns about the company's performance in the near future. Investors are closely watching the developments at Constellation Brands, as they compare it to competitors like Anheuser-Busch InBev. For more insights on the movement of STZ stock, it is recommended to consult professionals at Stocks Prognosis.