Constellation Brands Stock Sinks as Tariffs May Hit Mexican Beer Sales
1. President Trump announced tariffs on Mexican imports affecting Constellation Brands. 2. Constellation shares fell 4% after the tariff announcement on imports. 3. Modelo Especial became the top-selling beer, but tariffs threaten sales. 4. Piper Sandler downgraded STZ to 'neutral', lowering price target significantly. 5. Constellation's overall sales rose 3%, but wine and spirits dropped 14%.