Constellation Brands Slides, Elf Beauty Drops, Frontier Group Rises After Deutsche Upgrade
On this episode of Stock Movers:
- Constellation Brands (STZ) shares slide after the alcohol beverage company cut its fiscal 2026 guidance, citing weak consumer demand, which will hurt inventory rebalancing at the distributor level.
- Elf Beauty (ELF) shares drop after Deutsche Bank downgraded the cosmetics company to hold from buy.
- Frontier Group (ULCC) shares rise after Deutsche Bank raised the recommendation on low-cost carrier to buy from hold saying the firm is best-positioned to benefit from rival Spirit’s bankruptcy.
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