BUZZ-Street View: Constellation Brands' concern-packed future

** Beer maker Constellation Brands STZ.N cut annual sales, profit forecasts after missing Q3 estimates, sending shares down 17% on Friday

** At least seven brokerages cut PT on stock, including two downgrades; the median PT of 26 analysts is $260, according to data compiled by LSEG

DRY OUTLOOK AND LIMITED VISIBILITY AHEAD

** Jefferies (downgrades to "hold," PT: $201) says the "very wide" forecast range update shows low clarity, adds it is better to "wait than guess" as shares may trade at discount until re-acceleration occurs from share buybacks

** BMO Capital Markets ("outperform," PT: $260) sees growing list of market concerns around tariffs and immigration policy, as co passes through cost increases via pricing in a challenged demand environment

** Morgan Stanley ("overweight," PT: $220) sees greater impact of long-term pressure points over time, including from weight-loss drugs, less alcohol consumption than prior generations, maturation of brand portfolio and muted beer industry growth

** J.P. Morgan (downgrades to "neutral," PT: $203) also notes deteriorating consumer demand and reduced alcohol consumption, such as from recent Surgeon General advisory

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))