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Fly News Breaks for April 7, 2016
STZ
Apr 7, 2016 | 07:06 EDT
After Constellation reported higher than expected Q4 EPS, Wells Fargo believes that the company reported "very strong" Q4 results. The firm expects the company's positive momentum to continue. It is upbeat on the company's acquisition of The Prisoner Wine Company, a luxury wine maker, as it thinks that the deal will boost Constellation's margins and earnings. Wells keeps an Outperform rating on Constellation.
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