The face off that starts Tuesday is the most significant antitrust challenge to a tech giant since the Justice Department went after Microsoft 25 years ago.
TD Cowen raised the price target for Constellation Brands, Inc. (NYSE: STZ) from $240 to $300. TD Cowen analyst Vivien Azer upgraded the stock from Market Perform to Outperform. Constellation Brands shares fell 0.8% to close at $257.50 on Tuesday.
One lesson from past antitrust fights is that lawsuits can create an opening for a new generation of rivals to emerge, as happened with Microsoft and Google three decades ago.