Constellation Brands (STZ) shares declined significantly on May 26, 2026. Bernstein lowered its price target for the company to $197 from $305. The firm maintained its Outperform rating despite the reduction.
Investor caution regarding recent guidance and capital-structure updates also pressured the stock. The company redeemed senior notes and issued new notes earlier in May. No other major company-specific news was reported on this date.