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Fly News Breaks for September 20, 2019
STZ.B, STZ
Sep 20, 2019 | 07:44 EDT
As previously reported, MKM Partners analyst Bill Kirk initiated Constellation Brands (STZ) with a Buy rating and $263 price target, telling investors that Modelo's "unrelenting strength" and cash generation affords the company flexibility to invest in innovation, adjacent industries and marketing while Most of its peers face declining volumes and P&L pressures. Modelo has become, or nearly is, the biggest brand in some major regions of the U.S. and Kirk believes this trend will continue, he said.
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DA Davidson analyst Matt Summerville upgraded Barnes Group to Buy from Neutral with a price target of $45, up from $35.
