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STZ

Constellation Brands

$207.15

-3.13 (-1.49%)

, STZ.B

Constellation Brands

$210.05

-0.33 (-0.16%)

08:35
08/29/18
08/29
08:35
08/29/18
08:35

JPMorgan left Canopy Growth's analyst day encouraged and impressed

JPMorgan analyst Andrea Teixeira left Canopy Growth's analyst day yesterday encouraged about the potential growth of the industry. Constellation Brands (STZ) recently announced its intention to increase its stake in Canopy Growth' to 35% with a path to full control in the next three years, Teixeira reminds investors in a research note. While Canopy offered nothing specific related to Constellation's financial outlook, Teixeira came away encouraged about the potential growth of the industry in the coming years in Canada and was "very impressed" by the company's products and operations across both the recreational and medical cannabis segments. She has an Overweight rating on shares of Constellation Brands.

STZ

Constellation Brands

$207.15

-3.13 (-1.49%)

STZ.B

Constellation Brands

$210.05

-0.33 (-0.16%)

  • 04

    Sep

  • 28

    Oct

STZ Constellation Brands
$207.15

-3.13 (-1.49%)

08/20/18
SUSQ
08/20/18
DOWNGRADE
SUSQ
Negative
Constellation Brands downgraded to Negative from Neutral at Susquehanna
08/20/18
SUSQ
08/20/18
DOWNGRADE
Target $171
SUSQ
Negative
Constellation Brands downgraded to Negative at Susquehanna
As reported previously, Susquehanna analyst Pablo Zuanic downgraded Constellation Brands to Negative from Neutral. The analyst lowered his estimates and rating based on valuation when measured against comps and slower growth. Zuanic lowered his price target to $171 from $199 on Constellation Brands shares.
08/20/18
08/20/18
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. Constellation Brands (STZ, STZ.B) downgraded to Negative from Neutral at Susquehanna with analyst Pablo Zuanic citing valuation. 2. Infosys (INFY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Parag Gupta citing a belief that concerns around senior management exits will remain an overhang on the stock. 3. YogaWorks (YOGA) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he sees risk to visitation and revenue trends with the company's medium-term priorities of pulling back on promotions and marketing. 4. News Corp. (NWSA) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Andrew McLeod saying its Australian payTV unit, Foxtel, will launch a new OTT sports service by the end of 2018, which presents the "obvious risk" that its existing subscriber base and high ARPU will come under pressure. 5. Park Hotels & Resorts (PK) downgraded to In Line from Outperform at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/22/18
RBCM
08/22/18
NO CHANGE
Target $300
RBCM
Outperform
Constellation Brands price target raised to $300 from $280 at RBC Capital
RBC Capital analyst Nik Modi raised his price target on Constellation Brands to $300 and kept his Outperform rating, saying investors should accumulate shares on this pullback as the company's decision to increase its stake in Canopy Growth is a "very smart move". The analyst cites his expectations that the Cannabis market will be a "large-scale, fast-growing, and high-margin category" within the consumer packaged goods industry as it undergoes further decriminalization over the next 1-2 years. Modi further states that Constellation Brands stock is undergoing a shareholder transition from "large-scale upward EPS revisions" to "growth at a reasonable price."
STZ.B Constellation Brands
$210.05

-0.33 (-0.16%)

07/03/18
DBAB
07/03/18
NO CHANGE
Target $234
DBAB
Buy
Constellation Brands price target lowered to $234 from $258 at Deutsche Bank
Deutsche Bank analyst Steve Powers lowered his price target for Constellation Brands to $234 saying he come away from the company's Q1 results and implied Q2 guidance "seeing less margin for error than previously anticipated" and "somewhat more concerned about the cost of growth going forward." The analyst believes sell-side estimates have not adequately reflected Constellation's likely investment spending. Powers, however, keeps a Buy rating on the shares.

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