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STZ

Constellation Brands, also tag STZ.B

, STZ.B

Constellation Brands

09:30
08/10/17
08/10
09:30
08/10/17
09:30

Constellation Brands acquires Funky Buddha Brewery, terms not disclosed

Constellation Brands announced its purchase of Florida-based Funky Buddha Brewery, reinforcing its strategy to lead the high-end beer segment in the United States. Funky Buddha is the fastest growing craft brewery in Florida, and produces bold craft beers made with high quality ingredients. It has an award-winning portfolio led by Floridian Hefeweizen and Hop Gun IPA. Funky Buddha joins Constellation's Craft & Specialty Beer Group in the beer division. Terms of the transaction were not disclosed.

STZ

Constellation Brands, also tag STZ.B

STZ.B

Constellation Brands

  • 10

    Aug

STZ Constellation Brands, also tag STZ.B

06/30/17
GSCO
06/30/17
NO CHANGE
Target $212
GSCO
Conviction Buy
Constellation Brands price target raised to $212 from $198 at Goldman Sachs
Goldman analyst Judy Hong said Constellation Brands reported a Q1 beat driven by better than expected beer margins that reached 40%, 200bps above her estimate. The analyst expects beer margins to moderate somewhat in second half 2017 but said the beat was encouraging and further earnings upside is likely. Hong raised Constellation Brands' price target to $212 from $198 and reiterated her Conviction Buy rating.
06/30/17
SUSQ
06/30/17
NO CHANGE
Target $169
SUSQ
Neutral
Constellation Brands rally should not be chased, says Susquehanna
Susquehanna analyst Pablo Zuanic noted Constellation Brands posted solid Q1 results and acknowledged the stock is a consensus buy. Despite the results, he said he would not chase the rally and he expects the stock will give back some of its gains in the quarter ahead. Zuanic raised his price target to $169 from $162 on Constellation Brands shares, but maintained his Neutral rating.
07/24/17
GSCO
07/24/17
DOWNGRADE
GSCO
Neutral
Constellation Brands downgraded to Neutral from Conviction Buy at Goldman Sachs
Goldman analyst Judy Hong downgraded Constellation Brands to Neutral from Conviction Buy with a $210 price target, down from $212. The analyst's earnings estimates are still above consensus but said recent Mexican peso appreciation limits margin upside and results in a her trimming earnings estimates.
07/24/17
07/24/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Goldman Sachs (GS) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken saying the market seems to be pricing in an inflection in Goldman's trading revenue despite the recent weakness, suggesting a recovery is needed to justify 2018 consensus estimates. 2. Constellation Brands (STZ) downgraded to Neutral from Conviction Buy at Goldman Sachs. 3. Boston Beer (SAM) downgraded to Sell from Neutral at Goldman Sachs with analyst Judy Hong saying she sees further downside risk from weaker volumes and believes 2018 will be another year of volume decline and limited margin offset. 4. athenahealth (ATHN) downgraded to Underweight from Equal-Weight at First Analysis with analyst Frank Sparacino saying the valuation at current share levels is ahead of the underlying fundamentals in the short term. 5. PPG (PPG) was downgraded to Hold from Buy at SunTrust and to Neutral from Buy at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
STZ.B Constellation Brands

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