Unwinding Fed rate cuts, ECB decision, earnings season - what's moving markets

Delta Air Lines (DAL) PT Raised to $60 at Wolfe Research

Wolfe Research analyst Scott Group raised the price target on Delta Air Lines (NYSE: DAL) to $60.00 (from $57.00) while maintaining a Outperform rating.

The analyst comments "Our Airline index is tracking up 0.2% this week, underperforming the S&P 500 by 80bp and our Transports index by 30bp. Our Airline index is now down 2% YTD, underperforming the S&P 500 (+9%) and our Transports index (+6.3%). However, DAL is up 18% YTD, materially... More

Constellation Brands (STZ) PT Raised to $308 at RBC Capital

RBC Capital analyst Nik Modi raised the price target on Constellation Brands (NYSE: STZ) to $308.00 (from $295.00) while maintaining a Outperform rating.

The analyst comments "Another strong print from STZ which only reaffirms our long-term bullishness in the company's ability to drive consistent CPG... More

CarMax (KMX) PT Lowered to $73 at RBC Capital

RBC Capital analyst Steven Shemesh lowered the price target on CarMax (NYSE: KMX) to $73.00 (from $83.00) while maintaining a Outperform rating.

The analyst comments "4Q results were noisy. We were encouraged by retail comp units improving to ~flat (from -4% in... More

Constellation Brands (STZ) PT Raised to $264 at Deutsche Bank

Deutsche Bank analyst Steve Powers raised the price target on Constellation Brands (NYSE: STZ) to $264.00 (from $262.00) while maintaining a Hold rating.

The analyst comments "Overall, while our FY25 EPS estimate drifts higher (mainly on lower interest/taxes) our FY26 estimate falls modestly driven by... More

CarMax (KMX) PT Lowered to $74 at Evercore ISI

Evercore ISI analyst Michael Montani lowered the price target on CarMax (NYSE: KMX) to $74.00 (from $85.00) while maintaining a In Line rating.

The analyst comments "CarMax remains focused on profitable share gain for the long term, while investing to build out higher growth and... More

Constellation Brands (STZ) PT Raised to $300 at Goldman Sachs

Goldman Sachs analyst Bonnie Herzog raised the price target on Constellation Brands (NYSE: STZ) to $300.00 (from $290.00) while maintaining a Conviction Buy rating.

The analyst comments "Our View - We reiterate our Buy rating on STZ (on CL) following a strong finish to FY24 as FQ4 results surprised to the upside on higher beer sales/profits leading to an EPS beat. We came away from the quarter encouraged that: (1) total beer depletions were stronger than expected, up 8.9% in FQ4 (vs us/cons at 6.5%/6.8%) driven primarily by strength in the off-premise channel (~89% of STZ's total depletion... More

CarMax (KMX) PT Lowered to $70 at CFRA

CFRA analyst Garrett Nelson lowered the price target on CarMax (NYSE: KMX) to $70.00 (from $75.00) while maintaining a Hold rating.

The analyst comments "We lower our 12-month price target by $5 to $70, based on a FY 26 (Feb.) P/E of 17.5x, a justified... More

Constellation Brands (STZ) PT Raised to $270 at CFRA

CFRA analyst Garrett Nelson raised the price target on Constellation Brands (NYSE: STZ) to $270.00 (from $245.00) while maintaining a Hold rating.

The analyst comments "We increase our 12-month price target by $25 to $270, based on a FY 26 (Feb.) P/E of 18.0x, a... More

Constellation Brands (STZ) tops expectations on strong beer business

Shares of Constellation Brands (NYSE: STZ) are up around 0.8% premarket Wednesday after the company reported its latest quarterly earnings.

Fourth-quarter net sales were $2.14 billion, up 7% year over year, and earnings per share were $2.26, up 14% YoY. Both metrics beat analyst consensus estimates.

The company said its beer business delivered strong sales during 2024, with operating income growth of... More

Delta Air Lines (DAL) PT Raised to $55 at Argus

Argus analyst John Staszak raised the price target on Delta Air Lines (NYSE: DAL) to $55.00 (from $39.00) while maintaining a Buy rating.

The analyst comments " We are maintaining our BUY rating on Delta Air Lines Inc. (NYSE:... More

CarMax (KMX) stock drops premarket following earnings, revenue miss

CarMax (NYSE: KMX) reported a decline in fourth-quarter earnings and revenue, missing Wall Street estimates and sending its shares down 7.6% premarket. The auto retailer posted adjusted earnings per share (EPS) of $0.32, falling short of the analyst consensus of $0.46. Revenue also came in below expectations at $5.6 billion, compared to the projected $5.79 billion.

In comparison to the same quarter last year, net revenues decreased by 1.7%. The company experienced a modest increase in retail... More