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STZ

Constellation Brands

$164.13

3.78 (2.36%)

07:13
01/22/19
01/22
07:13
01/22/19
07:13

Constellation Brands initiated with an Overweight at Atlantic Equities

Yesterday, Atlantic Equities initiated Constellation Brands wian an Overweight and $227 price target.

  • 18

    Feb

STZ Constellation Brands
$164.13

3.78 (2.36%)

01/17/19
JEFF
01/17/19
NO CHANGE
Target $258
JEFF
Buy
Constellation Brands remains top pick after beer update at Jefferies
Constellation Brands (STZ) "confidently outlined the attractive growth story still ahead" at its beer segment update in Chicago, Jefferies analyst Kevin Grundy tells investors in a research note. The analyst believes the positive tone on the company's "key value driver," which presents over 70% of its EBITDA, should "quell some concerns that have contributed to recent dislocation in the stock." Constellation's beer business remains healthy while the Canopy Growth (CGC) stake in now a free call option, writes Grundy. The stock remains his top pick with a Buy rating and $258 price target.
01/11/19
ARGS
01/11/19
NO CHANGE
Target $210
ARGS
Buy
Constellation Brands price target lowered to $210 from $260 at Argus
Argus analyst John Staszak lowered his price target on Constellation Brands to $210 after its "disappointing guidance" after the company cut its FY19 EPS outlook to $9.20-$9.30 from $9.60-$9.75 "based on rising interest expense and expectations for a slight slowdown in the wine and spirits segment." The analyst also lowers his FY19 EPS view to $9.70 from $9.80 but contends that the selloff is "overdone" as Constellation Brands shares trade at an "attractive valuation" relative to its historical levels and its peer group.
01/10/19
01/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Constellation Brands (STZ) upgraded to Buy from Neutral at Goldman Sachs and to Neutral from Sell at Guggenheim. 2. Boeing (BA) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. Lockheed Martin (LMT) upgraded to Buy from Hold at Vertical Group. 4. United Continental (UAL) upgraded to Overweight from Neutral at JPMorgan while Alaska Air (ALK) was upgraded to Neutral from Underweight. 5. Twitter (TWTR) double upgraded to Buy from Underperform at BofA/Merrill with analyst Justin Post citing a survey he conducted which showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
BMOC
01/10/19
NO CHANGE
Target $225
BMOC
Outperform
Constellation Brands price target lowered to $225 from $245 at BMO Capital
BMO Capital analyst Amit Sharma lowered his price target on Constellation Brands to $225 after the company's Q3 results and lower than expected outlook for FY19 earnings. The analyst also cites the "tough beer comps, ongoing wine & spirits weakness, and lack of clarity on Canopy-related earnings" in justifying the 12% decline in Constellation Brands stock price after the results. Longer term, Sharma kept his Outperform rating on the stock, stating that at 16-times forward earnings multiple, the company now trades at the " lowest level since it fully acquired its beer business in 2013" and offers a " very compelling risk/reward" for investors willing to "look past the near-term volatility".

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