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Fly News Breaks for February 21, 2019
CGC, STZ
Feb 21, 2019 | 07:53 EDT
Wells Fargo analyst Bonnie Herzog says Constellation Brands (STZ) "threw a few curveballs" this year at CAGNY with management making "several small, but notable"' adjustments to the company's long-term algorithm. The analyst, however, says nothing changes her long-term view. She remains bullish on Constellation's long-term opportunity and views Canopy Growth (CGC) as an "exciting growth engine." Herzog reiterates an Outperform rating on the shares with a $235 price target.