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Fly News Breaks for September 14, 2018
STZ
Sep 14, 2018 | 08:18 EDT
Guggenheim analyst Laurent Grandet initiated Constellation Brands with a Sell and $177 price target citing a deceleration in growth and notes Corona Extra has declined in the US for the first time ever. Grandet struggles to find the next big growth driver, especially with cash being dedicated to the Canopy investment, and expects organic growth to moderated to 7% in FY19 and decelerating to less than 5% in FY21.
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