Wall Street analysts recently boosted their price targets on one of Warren Buffett’s multi-billion-dollar stock picks, Constellation Brands (NYSE: STZ). According to Berkshire Hathaway’s (NYSE: BRK.B) latest 13F filing, it owned just over 12 million shares of Constellation as of March 31. At that time, the investment was worth approximately $2.2 billion. That put Constellation in the top 20 largest public stock holdings for the vaunted “Oracle of Omaha."
The $30 billion consumer staples stock reported its latest financial results on July 1. Since then, MarketBeat has tracked six Wall Street analysts who boosted their price target on the stock. So, how optimistic are analysts on Constellation? What do Buffett’s buying patterns say about its potential? Ultimately, is there reason to believe Constellation shares can achieve significant gains going forward?
