Constellation Brands down after brokerages cut PT

Shares of Corona beer maker Constellation Brands STZ.N fall 1.3% to $162.35

Brokerage Needham cuts PT to $195 from $215

Expecting a challenged start to the year; expect beer revenue and operating margin to be running below the low-end of full-year forecast - Needham

Over the past three months, volumes have worsened sequentially, there has been no meaningful improvement in sentiment for the Hispanic consumer and poor weather - brokerage

Needham expects the wine and spirits segment to be under considerable pressure this quarter

Wells Fargo also cut STZ's PT to $196 from $210

Up to last close, stock down 25.6% YTD