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Fly News Breaks for June 26, 2017
NWL, STZ
Jun 26, 2017 | 08:46 EDT
Morgan Stanley analyst Dara Mohsenian continues to expects Constellation Brands (STZ) to report another solid quarter above Q1 consensus estimates but said expectations are somewhat high and shares are up nearly 30% since January. The analyst is switching to Newell Brands (NWL) as a Top Pick and out of Constellation Brands following recent share strength. Mohsenian maintains an Overweight on Constellation with a $204 price target due to high earnings visibility and believes the market is mispricing long-term growth potential.
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