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Fly News Breaks for April 3, 2018
STZ.B, STZ
Apr 3, 2018 | 07:53 EDT
Argus analyst John Staszak raised his price target on Constellation Brands to $260, citing the impact of the recent additions to the company's brand portfolio and an increase in its share of the U.S. beer market. The analyst also notes the company's above-average margins, attractive valuation relative to peers' multiples, and expectations of continued benefits from the economies of scale. Staszak keeps his Buy rating on Constellation Brands.
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