Goldman Sachs Lowers STZ Estimates

Goldman Sachs has issued a report on the outlook of Constellation Brands STZ. According to the report, "We are tweaking up our FY4Q11 EPS to $0.27 from $0.24 to more adequately reflect the benefit of lapping last year's inventory distributor drawdown. However, we are reducing our FY2012E EPS to $1.88 from $1.91 to reflect weaker fundamentals in US wine and beer. Our FY2013 is reduced to $2.10 from $2.11 to reflect a lower base." STZ has a Neutral Rating and a $21 Price Target. STZ closed yesterday at $20.60 a share.