Wells Fargo analyst Bonnie Herzog senses that elevated gas prices and a rainy start to the summer dampened the mood of her c-store retailer contacts this Memorial Day. As such, the analyst maintains her cautious outlook on the c-store channel. With the exception of a few categories where demand appears to be immune to higher fuel costs, especially import beers, which outperformed - a clear positive for Constellation Brands (STZ), she is concerned that these negative trends could negatively impact many beverage manufacturer's results near-term. This includes Monster Beverage (MNST), due to its higher exposure to c-stores and PepsiCo (PEP), as discretionary snack sales could be vulnerable to substitution, Herzog added.

Barnes Group is up 7.8%, or $2.59 to $35.98.

DA Davidson analyst Matt Summerville upgraded Barnes Group to Buy from Neutral with a price target of $45, up from $35.