Constellation Brands' (STZ) fiscal 2027 guidance missed expectations, but its near-term momentum and set-up for the rest of the year are "favorable," RBC Capital Markets analysts said in a Friday note to clients.

Analysts said that while the environment remains volatile, the company's guidance is achievable even if things get worse, which is the current expectation from investors.

"The Beer business has been off to strong start to the year but faces a challenging topline environment with dynamic consumer spending pressures expected to persist," analysts said.

RBC said that the Section 232 aluminum tariff development has eliminated a major headwind that had pressured the company's costs throughout fiscal 2026.

Analysts have an outperform rating on the stock and a $185 price target.

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