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Fly News Breaks for December 10, 2018
CGC, STZ
Dec 10, 2018 | 08:10 EDT
Jefferies analyst Kevin Grundy says Constellation Brands (STZ) remains his top large cap growth idea following his meeting with cannabis Canopy Growth (CGC), which is 40% owned by Constellation. The analyst came away impressed by Canopy's leadership, encouraged by its ability to capitalize on the "massive" global cannabis opportunity, and reassured by its confidence to deliver the "scrutinized" C$1B in revenue in 2020. He views Constellation's risk/reward as favorable and keeps a Buy rating on the shares with a $289 price target.
News For STZ;CGC From the Last 2 Days
