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STZ

Constellation Brands

$165.85

0.34 (0.21%)

, BUD

AB InBev

$128.72

-0.19 (-0.15%)

18:12
10/04/16
10/04
18:12
10/04/16
18:12

Constellation Brands' fortunes to continue heading into Q2 results, WSJ says

The market value of Constellation Brands (STZ), which reports quarterly results tomorrow morning, has more than tripled over the past three years as a result of a key deal expected continue to reap benefits, Steven Russolillo writes in the Wall Street Journal's Ahead of the Tape column. Constellation acquired the U.S. distribution rights to Corona and Model three years ago and benefited greatly as AB InBev (BUD) acquired the half of Grupo Modelo it didn't already own, the column notes. Beer makes up roughly two thirds of Constellation's operating income and over half its revenue, the column says. Though there are concerns over how a potential Donald Trump presidency could impact imports and harm relationships with Mexico, Constellation investors don't seem too bothered about the election, as the stock has risen roughly 17% so far in 2016, Russolillo writes. Reference Link

STZ

Constellation Brands

$165.85

0.34 (0.21%)

BUD

AB InBev

$128.72

-0.19 (-0.15%)

  • 05

    Oct

  • 09

    Nov

STZ Constellation Brands
$165.85

0.34 (0.21%)

09/15/16
FBCO
09/15/16
INITIATION
FBCO
Neutral
Constellation Brands initiated with a Neutral at Credit Suisse
09/15/16
FBCO
09/15/16
INITIATION
Target $178
FBCO
Neutral
Constellation Brands initiated with a Neutral at Credit Suisse
Credit Suisse analyst Laurent Grandet initiated coverage on Constellation Brands with a Neutral and a $178 price target saying high expectations are built into shares.
09/16/16
09/16/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. GoPro (GPRO) initiated with a Buy at BofA/Merrill. 2. JetBlue (JBLU) initiated with an Outperform at Imperial Capital. 3. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Monster Beverage (MNST) were initiated with an Outperform at Credit Suisse, while the firm initiated Boston Beer (SAM) with an Underperform. Credit Suisse also initiated Coca-Cola (KO) and Constellation Brands (STZ) with a Neutral. 4. lululemon (LULU) initiated with a Positive at Susquehanna. 5. Target (TGT) coverage assumed with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/28/16
RBCM
09/28/16
NO CHANGE
RBCM
Constellation Brands removed from Focus List at RBC Capital
RBC Capital analyst Nik Modi, noting that Constellation Brands' stock is up 16% this year, thinks that the stock could pause in the near-term "around the company's results." He notes that analysts are already expecting the company to report beat and raise results. Modi keeps a $181 price target and Outperform rating on the shares, but he removed the stock from the firm's Focus List.
BUD AB InBev
$128.72

-0.19 (-0.15%)

09/06/16
ROTH
09/06/16
NO CHANGE
Target $25
ROTH
Buy
Craft Brew price target raised to $25 from $20 at Roth Capital
Roth Capital analyst Anton Brenner raised his price target for Craft Brew (BREW) to $25 from $20 saying its new distribution agreement with AB InBev (BUD) should provide "significant benefits" to the company. Craft Brew will benefit from the elimination of a scheduled step-up in the per-case distribution fee, a contract brewing arrangement and a new international distribution agreement, the analyst tells investors in a research note. Further, Brenner believes the deal also establishes a three-year floor price for an acquisition of Craft Brew of $22.00-$24.50. He reiterates a Buy rating on Craft Brew's shares.
09/13/16
JEFF
09/13/16
INITIATION
Target $146
JEFF
Buy
AB InBev initiated with a Buy at Jefferies
Jefferies analyst Edward Mundy started AB InBev with a Buy rating and $146 price target. Mundy views the company as a long-term winner in beer and a "must-own large-cap staples stock."
09/13/16
09/13/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Chevron (CVX) initiated with an Outperform at BMO Capital. 2. AB InBev (BUD) initiated with a Buy at Jefferies. 3. Altria Group (MO) and Reynolds American (RAI) were initiated with a Buy at Citi while the firm initiated Philip Morris (PM) with a Neutral. 4. Under Armour (UA) initiated with a Neutral at Nomura. 5. Xerox (XRX) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/29/16
HSBC
09/29/16
NO CHANGE
HSBC
Buy
AB InBev's goal may be to acquire Coca-Cola, says HSBC
HSBC analyst Anthony Bucalo says SABMiller's (SBMRY) merger with AB InBev (BUD), which its shareholders just approved, will impact "nearly every major company across global beverages," especially Heinenken (HINKY). The combined company "represents a strong vehicle for another transaction" if InBev management chooses to do so, Bucalo tells investors in a research note dated yesterday. The analyst believes AB InBev's ultimate goal is the possible acquisition of The Coca-Cola Company (KO). The entire Coca-Cola bottling system, especially for Mexican giant FEMSA (FMX), is impacted by SABMiller joining with AB InBev, Bucalo contends.

TODAY'S FREE FLY STORIES

JNPR

Juniper

$27.78

-0.49 (-1.73%)

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EQR

Equity Residential

$64.93

0.73 (1.14%)

16:33
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TXN

Texas Instruments

$82.37

1.29 (1.59%)

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Hot Stocks
Texas Instruments reports cash flow from operations $4.8B for trailing 12 months »

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PEI

Pennsylvania REIT

$14.59

-0.01 (-0.07%)

16:33
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OKSB

Southwest Bancorp

$25.75

0.2 (0.78%)

16:33
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Earnings
Breaking Earnings news story on Southwest Bancorp »

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PEI

Pennsylvania REIT

$14.59

-0.01 (-0.07%)

16:33
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Earnings
Pennsylvania REIT reports Q1 EPS (10c), consensus (8c) »

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  • 26

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CLGX

CoreLogic

$41.96

-0.14 (-0.33%)

16:32
04/25/17
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Earnings
CoreLogic reports Q1 adjusted EPS 37c, consensus 39c »

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  • 26

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TXN

Texas Instruments

$82.37

1.29 (1.59%)

16:32
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Hot Stocks
Breaking Hot Stocks news story on Texas Instruments »

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TXN

Texas Instruments

$82.37

1.29 (1.59%)

16:32
04/25/17
04/25
16:32
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Earnings
Texas Instruments sees Q2 EPS 89c-$1.01, consensus 91c »

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JNS

Janus Capital

$13.45

0.02 (0.15%)

16:32
04/25/17
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Hot Stocks
Janus Capital shareholders approve merger with Henderson Group »

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  • 25

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TRMK

Trustmark

$32.97

0.14 (0.43%)

16:31
04/25/17
04/25
16:31
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16:31
Earnings
Trustmark reports Q1 EPS 46c, consensus 41c »

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  • 25

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X

U.S. Steel

$31.11

-0.09 (-0.29%)

16:31
04/25/17
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Hot Stocks
U.S. Steel drops over 15% in after-hours following earnings report »

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  • 26

    Apr

16:31
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Options
Preliminary option volume of 19.4M today »

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TXN

Texas Instruments

$82.37

1.29 (1.59%)

16:30
04/25/17
04/25
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16:30
Earnings
Texas Instruments reports Q1 EPS 97c, consensus 83c »

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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:29
04/25/17
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Earnings
Chesapeake Lodging sees Q2 AFFO 60c-64c »

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  • 25

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TGI

Triumph Group

$26.20

-0.05 (-0.19%)

16:29
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Triumph Group, VAS Aero collaborate on PW4168 Nacelles »

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JNPR

Juniper

$27.78

-0.49 (-1.73%)

16:28
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Earnings
Juniper reports preliminary Q1 EPS 46c, consensus 42c »

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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:28
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Earnings
Chesapeake Lodging backs FY17 adjusted FFO $2.10-$2.20 »

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  • 25

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ARCW

ARC Group

$3.85

0.05 (1.32%)

16:28
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Breaking Hot Stocks news story on ARC Group »

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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:27
04/25/17
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Earnings
Chesapeake Lodging reports Q1 adjusted FFO 41c »

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BXMT

Blackstone Mortgage

$30.91

0.28 (0.91%)

16:26
04/25/17
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Earnings
Blackstone Mortgage reports Q1 core EPS 61c, consensus 63c »

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CCUR

Concurrent

$4.94

0.0626 (1.28%)

16:26
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Concurrent announces availability of Origin Release 3 »

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UHS

Universal Health

$121.42

0.52 (0.43%)

16:25
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Universal Health reports Q1 adjusted EPS $2.10, consensus $2.07 »

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  • 26

    Apr

  • 03

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PCG

PG&E

$67.66

-0.13 (-0.19%)

, EIX

Edison International

$80.82

-0.12 (-0.15%)

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Hot Stocks
PG&E, CA energy companies propose reforms to CPUC »

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PCG

PG&E

$67.66

-0.13 (-0.19%)

EIX

Edison International

$80.82

-0.12 (-0.15%)

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  • 27

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DECK

Deckers Brands

$58.74

0.4 (0.69%)

16:25
04/25/17
04/25
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16:25
Technical Analysis
Deckers Brands spikes after saying it will review strategic alternatives »

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