As reported earlier, BMO Capital Amit Sharma initiated Constellation Brands with an Outperform rating and a price target of $275 as part of his broader research note on Alcoholic Beverage industry. Sharma says the sector will remain "one of the largest and fastest-growing consumer staples segments" amid a "premiumization" trend, noting there is a persistent consumption share gains at the expense of beers. The analyst calls Constellation Brands "one of the most compelling growth investments in the staples universe", noting the company can grow sales 7-8% and EPS 15-16% over the next 3 years, while trading at a significant discount to other staples growth stocks.