Are ICE Raids Impacting Corona Sales? Constellation Brands Investors Are Asking.
Written by Emily J. Thompson, Senior Investment Analyst
Source: Barron's
Impact of Immigration Raids: The article discusses the potential negative effects of immigration raids on the sales of Mexican beer brands, particularly those owned by Constellation Brands, such as Corona and Modelo.
Market Debate: The situation has sparked a debate on Wall Street regarding whether investors should consider purchasing shares of Constellation Brands, which have been adversely affected by these immigration policies.
Analyst Views on TAP
Wall Street analysts forecast TAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TAP is 52.00 USD with a low forecast of 46.00 USD and a high forecast of 72.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
5 Buy
9 Hold
1 Sell
Moderate Buy
Current: 49.760
Low
46.00
Averages
52.00
High
72.00
Current: 49.760
Low
46.00
Averages
52.00
High
72.00
About TAP
Molson Coors Beverage Company is a holding company. The Company operates in two segments: Americas and EMEA&APAC. The Americas segment consists of the production, importing, marketing, distribution and sales of its owned brands and partner brands and licensed brands in the United States, Canada and various countries in Latin America. It operates nine primary breweries, three craft breweries and two container operations. It also includes partnership arrangements for the distribution of beer in Ontario and the western provinces of Canada. The EMEA&APAC segment consists of the production, marketing and sales of its primary brands as well as other owned and licensed brands in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the United Kingdom, various other European countries and certain countries within the Middle East, Africa and Asia Pacific regions. It operates approximately 11 primary breweries, four craft breweries and one cidery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
