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STZ

Constellation Brands

$150.91

-21.38 (-12.41%)

, CGC

Canopy Growth

$33.64

4.01 (13.53%)

05:14
01/10/19
01/10
05:14
01/10/19
05:14

Constellation Brands upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst Judy Hong upgraded Constellation Brands (STZ) to Buy while lowering her price target for the shares to $211 from $243. The stock closed yesterday down 12.5%, or $21.57, to $150.94 post the company's Q3 earnings report. Constellation is down over 30% in the past 12 months, mostly driven by multiple contraction, Hong tells investors in a research note. The analyst reduced her estimates to reflect a "softer outlook" but sees a "compelling" risk/reward at current share levels. Her model yields a $195 per share value for the core business excluding Canopy Growth (CGC) and a consolidated price target of $211, pointing to 40% upside. Beer sales growth should remain healthy and beer margins should improve in fiscal 2020 as cost headwinds are lapped, Hong contends. Further, she believes Constellation shares could outperform even if investors assign zero value to its investment in Canopy.

STZ

Constellation Brands

$150.91

-21.38 (-12.41%)

CGC

Canopy Growth

$33.64

4.01 (13.53%)

  • 18

    Feb

STZ Constellation Brands
$150.91

-21.38 (-12.41%)

01/07/19
JEFF
01/07/19
UPGRADE
JEFF
Buy
Coca-Cola European Partners upgraded to Buy from Hold at Jefferies
Jefferies analyst Kevin Grundy upgraded Coca-Cola European Partners (CCEP) to Buy with an increased price target of EUR 49. The analyst sees inflecting trends, capital deployment optionality and upside to consensus estimates for the company. His top pick in Consumer Products for 2019 is Constellation Brands (STZ).
01/07/19
HSBC
01/07/19
UPGRADE
Target $206
HSBC
Buy
HSBC upgrades Constellation Brands to Buy on valuation despite risks
HSBC analyst Carlos Laboy upgraded Constellation Brands to Buy from Hold with an unchanged price target of $206. The company is facing increasing risks from water permit uncertainty, a possible vote to shut down the Mexicali brewery, and new national water laws, Laboy tells investors in a research note. The analyst says that despite these risks, he upgrades Constellation to Buy on valuation. His "base case" implies 28% share upside.
01/09/19
JEFF
01/09/19
NO CHANGE
Target $269
JEFF
Buy
Constellation Brands selloff overdone after guidance lowered, says Jefferies
Jefferies analyst Kevin Grundy said he expects Constellation Brands shares to trade lower today following the company's "lower-quality" Q3 earnings beat and FY19 guidance lowering, though he believes the pre-market reaction appears to be overdone and would be a buyer amid the early weakness. While Constellation Q3 "certainly was not clean," consumer demand in the beer business remains very healthy and the stock's valuation "has reached washed out levels," according to Grundy, who keeps a Buy rating and $269 price target on the shares.
01/09/19
GUGG
01/09/19
UPGRADE
GUGG
Neutral
Constellation Brands upgraded to Neutral from Sell at Guggenheim
Guggenheim analyst Laurent Grandet upgraded Constellation Brands to Neutral saying the stock's risk/reward is more balanced following today's post earnings selloff.
CGC Canopy Growth
$33.64

4.01 (13.53%)

01/03/19
BNCH
01/03/19
NO CHANGE
BNCH
Activision, Canopy Growth among Best Ideas for first half of 2019 at Benchmark
Benchmark analysts selected their Best Ideas for the first half of 2019, naming 16 stocks, including: Activision Blizzard (ATVI), BioTelemetry (BEAT), Biofrontera (BFRA), Ctrip (CTRP), Huazhu Group (HTHT), II-VI (IIVI), Intevac (IVAC), LHC Group (LHCG), Meredith (MDP), Marvell (MRVL), NeoGenomics (NEO), Pegasystems (PEGA), Silicon Labs (SLAB), Varonis (VRNS), Canopy Growth (CGC) and Waitr Holdings (WTRH).
01/04/19
WELS
01/04/19
NO CHANGE
Target $260
WELS
Outperform
Constellation 'one of the most attractive stocks' in Staples, says Wells Fargo
Wells Fargo analyst Bonnie Herzog reiterated an Outperform rating and $260 price target on Constellation Brands (STZ), telling investors in a research note that she believes Constellation is one of the most attractive stocks in Staples, given scarcity of growth across the group and the pullback, which she says is "unjustified." While she expects Constellation to lower FY19 EPS guidance to reflect 25c-30c of interest expense from the increased stake in Canopy Growth (CGC), Herzog believes Q3 results may surprise to the upside based on strong performance in Nielsen scanner data through December and potential beer margin upside from lower marketing investments. She sees Q3 results as a potential positive catalyst and encourages long-term investors to accumulate positions in the stock.
01/09/19
PIPR
01/09/19
INITIATION
Target $40
PIPR
Overweight
Canopy Growth initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Michael Lavery started Canopy Growth with an Overweight rating and $40 price target. The analyst expects "strong" sales growth from the company, driven by "strong sustainable category momentum." Canopy's capacity advantages, beverage partnership, and balance sheet position it well over the near-term, Lavery tells investors in a research note. He also believes the company's clinical trials and intellectual property should add competitive advantages longer term.
01/09/19
PIPR
01/09/19
INITIATION
PIPR
Overweight
Piper Jaffray rolls out bullish research coverage on Canopy Growth, Tilray
Piper Jaffray analyst Michael Lavery initiated coverage of Canopy Growth (CGC) and Tilray (TLRY) with Overweight ratings and price targets of $40 and $90, respectively. The analyst believes the global Cannabis market has the potential to reach $250B-$500B over the long term and $15B-$50B in the near term. The industry's long-term growth opportunities are significant, both from transitioning illicit trade to legal sales and from transitioning sales in health and wellness categories to cannabidiol-infused products, Lavery tells investors in a research note. The analyst expects recreational use to source from illicit trade and alcohol, medical use to source from other medical treatments, and non-psychoactive CBD-infused cannabis products to source users from food, beverage, and personal care categories. Over 25 countries have legal marijuana use today, he points out. Lavery believes federal legalization in the U.S. could potentially come in the next five years. Further, the analyst expects capital flow into the sector will likely continue.

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08:34
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PANDY

Pandora A/S

$0.00

(0.00%)

08:33
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08:33
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08:33
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SLGGF

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PCFBY

Pacific Basin Shipping

$0.00

(0.00%)

08:30
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08:30
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General news
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WFAFY

Wesfarmers

$0.00

(0.00%)

08:27
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RTOKY

Rentokil

$0.00

(0.00%)

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BNTGY

Brenntag

$0.00

(0.00%)

08:25
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LOIMF

Loomis AB

$0.00

(0.00%)

08:24
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SFTBY

SoftBank; also use SFTBF

$0.00

(0.00%)

08:21
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08:21
Initiation
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07:00
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CYDY

CytoDyn

$0.00

(0.00%)

04:55
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Conference/Events
CytoDyn participates in lunch meeting with Philadelphia Securities »

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  • 21

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MET

MetLife

$45.32

0.28 (0.62%)

19:55
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AMZN

Amazon.com

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, TSLA

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NFLX

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EA

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ATVI

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CMCSA

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CMCSK

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COST

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TMO

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DHR

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A

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TECH

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NEM

Newmont Mining

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GOLD

Barrick Gold

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KRC

Kilroy Realty

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VNO

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TCEHY

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$0.00

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NTDOY

Nintendo

$0.00

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17:55
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