Barclays Americas Morning Research Summary

Research evidence excerpt

Barclays Americas Morning Research Summary

Summary of Changes

Rating Price Target EPS FY1 (E) EPS FY2 (E)

Nestle SA NESN.S EW EW 86.00 86.00 4.40 4.42 4.74 4.77

The Campbell’s Company CPB UW UW 19.00 19.00 2.14 2.15 2.00 1.93

Source & Legend

Company Research

Bread Financial (BFH) Cloudflare, Inc. (NET) Compass Inc. (COMP)

Constellation Brands (STZ) Datadog, Inc. (DDOG) Delivery Hero (DHER.DE)

Devon Energy Corporation (DVN) Eli Lilly & Co (LLY) GoodRx Holdings Inc. (GDRX)

Honeywell International Inc. (HON) Intercontinental Exchange Inc. (ICE) MBX Biosciences (MBX)

Nuvalent (NUVL) Robinhood Markets, Inc. (HOOD) SailPoint, Inc. (SAIL)

Synchrony Financial (SYF) The Campbell’s Company (CPB) Tyler Technologies, Inc. (TYL)

West Pharma Services (WST) WhiteFiber, Inc. (WYFI)

Industry Research

China Technology EMEA Internet European Consumer Staples

European Luxury Goods & Specialty Retail European Pharmaceuticals, Biotechnology & European Utilities & Clean Energy

Life Sciences

IT Hardware and Communications Equipment North America Transportation U.S. Autos & Mobility

U.S. Biopharmaceuticals U.S. Business & Professional Services U.S. CHPC & Beverages

U.S. Food U.S. Gaming, Leisure & Lodging U.S. Healthcare Technology & Distribution

U.S. Homebuilding & Building Products U.S. Internet U.S. Large-Cap Banks

U.S. Multi-Industry U.S. Small & Mid Cap Biotechnology

Publications Summary

Consumer

STZ - F1Q27 Earnings Preview

Stock Rating Equal Weight We lower our FY27 EPS by ~1% (to ~$11.70) driven by tempered F1H sales estimates.

Industry View Neutral View full report on Barclays Live Back to Top

Price Target USD 170.00

Price (09 Jun 2026) USD 140.09

EPS FY1 (E) 11.70

EPS FY2 (E) 12.16

Market Cap (USD bn) 24.1235

Ticker STZ

U.S. CHPC & Beverages

Lauren R. Lieberman

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