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STZ

Constellation Brands

$203.04

-1.79 (-0.87%)

17:01
05/20/19
05/20
17:01
05/20/19
17:01

Constellation Brands gets 2nd FTC request over E.&J Gallo winery deal

According to the Wall Street Journal, Constellation Brands said in April it would sell brands including Clos du Bois and Mark West to Gallo for $1.7B. Constellation Brands Sees deal closing in 2H of 2019, The company had previously expected Q1 of fiscal 2020 to close. According to the WSJ story, Constellation Brands plans to update FY2020 guidance.

STZ Constellation Brands
$203.04

-1.79 (-0.87%)

04/05/19
04/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Market Perform from Outperform at Wells Fargo with analyst Aaron Rakers saying the shares, after rallying 19% year-to-date, reflect a more balanced risk/reward. 2. Boston Beer (SAM) downgraded to Sell from Neutral at Goldman Sachs with analyst Judy Hong saying she sees headwinds in 2019 as competition intensifies and the company is "unlikely to repeat its innovation success again this year." 3. Ford (F) downgraded to Reduce from Neutral at Nomura Instinet with analyst Anindya Das saying Ford's higher share of the U.K. auto market compared to the rest of Europe makes it more susceptible to Brexit risks. 4. Constellation Brands (STZ) downgraded to Hold from Buy at Deutsche Bank. 5. International Paper (IP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Paul Quinn saying while International Paper is a "great company," investors have increased scrutiny on the containerboard market due to the "softening demand and fears of incremental capacity coming online" as year-to-date shipment growth slowed to 0.8% from 1.5% in 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/05/19
BOFA
04/05/19
NO CHANGE
Target $216
BOFA
Buy
Constellation Brands price target raised to $216 from $188 at BofA/Merrill
BofA Merrill Lynch analyst Bryan Spillane raised his price target on Constellation Brands shares to $216 after the company reported better than expected Q4 earnings, stating that he believes a premium valuation is warranted by the company's higher than average EPS growth and margin improvement prospects. Spillane keeps a Buy rating on Constellation shares.
04/22/19
JEFF
04/22/19
NO CHANGE
Target $275
JEFF
Buy
Constellation Brands price target raised to $275 from $267 at Jefferies
Jefferies analyst Kevin Grundy raised his price target for Constellation Brands (STZ) to $275 from $267 to reflect the amended Canopy Growth (CGC) warrants held by the company, which was announced with Canopy's proposed acquisition of Acerage. Constellation agreed to waive its veto rights on the deal, subject to "favorably" modified warrant terms, which enhances the company's value in return for potential dilution from the deal and provides capital flexibility, Grundy tells investors in a research note. Constellation remains his top pick with a Buy rating.
04/25/19
DESJ
04/25/19
INITIATION
DESJ
Buy
Desjardins initiates HEXO Corp, Canopy Growth, Aurora Cannabis with a Buy
Desjardins analyst John Chu initiated HEXO Corp (HEXO), Canopy Growth (CGC), and Aurora Cannabis (ACB) with a Buy rating and respective price targets of C$14, C$74, and C$16.50 as part of a broad research note, saying the "hype" around legalization of adult-use cannabis in Canada remains strong in spite of "underwhelming" early months of sales. The analyst attributes the challenges to ramp-up, logistical and distribution issues, but expects investors to consider the opportunity as a "global" one. Chu believes that "major" consumer packaged goods companies like Constellation (STZ), InBev (BUD), and Altria (MO), as well as retailers like Walgreens (WBA), CVS (CVS), and Rite Aid (RAD) should "help push cannabis and hemp into the mainstream."

TODAY'S FREE FLY STORIES

ABBV

AbbVie

$78.41

-0.37 (-0.47%)

, AGN

Allergan

$129.65

-1.32 (-1.01%)

09:31
06/25/19
06/25
09:31
06/25/19
09:31
Hot Stocks
AbbVie says looked at Allergan deal for over a year »

Says: Highly unlikely to…

ABBV

AbbVie

$78.41

-0.37 (-0.47%)

AGN

Allergan

$129.65

-1.32 (-1.01%)

03/08/13
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MHK

Mohawk

$146.01

0.025 (0.02%)

09:31
06/25/19
06/25
09:31
06/25/19
09:31
Recommendations
Mohawk analyst commentary  »

Mohawk challenges persist…

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09:30
06/25/19
06/25
09:30
06/25/19
09:30
General news
Treasury Action: Treasuries are holding modest gains »

Treasury Action:…

09:25
06/25/19
06/25
09:25
06/25/19
09:25
Conference/Events
HSBC to hold a conference »

Transport, Infrastructure…

09:25
06/25/19
06/25
09:25
06/25/19
09:25
General news
U.S. April FHFA home price index was up 0.4% to 274.7 »

U.S. April FHFA home…

BJRI

BJ's Restaurants

$43.61

0.81 (1.89%)

, CAKE

Cheesecake Factory

$43.39

-0.79 (-1.79%)

09:25
06/25/19
06/25
09:25
06/25/19
09:25
Conference/Events
Wedbush restaurants analyst to hold an analyst/industry conference call »

Restaurants Analyst…

BJRI

BJ's Restaurants

$43.61

0.81 (1.89%)

CAKE

Cheesecake Factory

$43.39

-0.79 (-1.79%)

CMG

Chipotle

$724.14

-3.035 (-0.42%)

DIN

Dine Brands

$95.49

0.235 (0.25%)

DRI

Darden

$122.14

0.92 (0.76%)

JACK

Jack in the Box

$82.83

-2.33 (-2.74%)

SBUX

Starbucks

$83.65

-0.16 (-0.19%)

TXRH

Texas Roadhouse

$52.25

-0.1 (-0.19%)

WEN

Wendy's

$19.15

-0.22 (-1.14%)

03/08/13
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    Nov

09:25
06/25/19
06/25
09:25
06/25/19
09:25
Conference/Events
Senate Agriculture, Nutrition & Forestry Committee to hold a hearing »

The Committee holds a…

MOR

MorphoSys

$26.23

1.16 (4.63%)

09:25
06/25/19
06/25
09:25
06/25/19
09:25
Conference/Events
MorphoSys to host analyst & investor meeting »

Analyst & Investor…

03/08/13
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  • 25

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  • 07

    Aug

09:21
06/25/19
06/25
09:21
06/25/19
09:21
Conference/Events
Goldman Sachs to hold a conference »

15th Annual European…

CBMG

Cellular Biomedicine

$15.01

(0.00%)

09:21
06/25/19
06/25
09:21
06/25/19
09:21
Initiation
Cellular Biomedicine initiated  »

Cantor Fitzgerald bullish…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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LH

LabCorp

$169.36

-1.48 (-0.87%)

, DGX

Quest Diagnostics

$100.87

-0.43 (-0.42%)

09:21
06/25/19
06/25
09:21
06/25/19
09:21
Recommendations
LabCorp, Quest Diagnostics analyst commentary  »

Deutsche says…

LH

LabCorp

$169.36

-1.48 (-0.87%)

DGX

Quest Diagnostics

$100.87

-0.43 (-0.42%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 25

    Jul

09:20
06/25/19
06/25
09:20
06/25/19
09:20
General news
U.S. Case Shiller home price index rose 0.8% in April to 215.68 for the 20-City index »

U.S. Case Shiller home…

PRPO

Precipio

$2.93

-0.11 (-3.62%)

09:19
06/25/19
06/25
09:19
06/25/19
09:19
Hot Stocks
Precipio initiates second development project with H3 Biomedicine for gene panel »

Precipio announced the…

03/08/13
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03/06/13
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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
06/25/19
06/25
09:18
06/25/19
09:18
Options
Overnight activity included 195 trades in SPX and 9 trades in VIX »

195 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

03/08/13
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BMY

Bristol-Myers

$45.69

-3.67 (-7.44%)

, CELG

Celgene

$93.48

-5.44 (-5.50%)

09:12
06/25/19
06/25
09:12
06/25/19
09:12
Recommendations
Bristol-Myers, Celgene analyst commentary  »

Bristol-Myers sentiment…

BMY

Bristol-Myers

$45.69

-3.67 (-7.44%)

CELG

Celgene

$93.48

-5.44 (-5.50%)

03/08/13
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03/08/13
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  • 27

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    Sep

  • 04

    Dec

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    Mar

  • 04

    Apr

MSFT

Microsoft

$137.80

0.86 (0.63%)

09:11
06/25/19
06/25
09:11
06/25/19
09:11
Conference/Events
Jefferies software analyst to hold an analyst/industry conference call »

Software Analyst DiFucci…

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  • 09

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  • 06

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PYDS

Payment Data Systems

$3.39

(0.00%)

09:10
06/25/19
06/25
09:10
06/25/19
09:10
Hot Stocks
Payment Data Systems to change name to Usio »

Payment Data Systems…

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  • 21

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09:10
06/25/19
06/25
09:10
06/25/19
09:10
General news
FX Action: USD-CAD »

FX Action: USD-CAD headed…

TELNY

Telenor

$0.00

(0.00%)

09:08
06/25/19
06/25
09:08
06/25/19
09:08
Downgrade
Telenor rating change  »

Telenor downgraded to…

03/08/13
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  • 16

    Jul

AGN

Allergan

$129.65

-1.32 (-1.01%)

, ABBV

AbbVie

$78.41

-0.37 (-0.47%)

09:07
06/25/19
06/25
09:07
06/25/19
09:07
Hot Stocks
Fly Intel: Pre-market Movers »

HIGHER: Allergan (AGN),…

AGN

Allergan

$129.65

-1.32 (-1.01%)

ABBV

AbbVie

$78.41

-0.37 (-0.47%)

PYX

Pyxus

$13.42

-1.1 (-7.58%)

ARQL

ArQule

$10.00

-0.48 (-4.58%)

LEN

Lennar

$51.41

0.09 (0.18%)

BHF

Brighthouse Financial

$38.10

-0.01 (-0.03%)

PVTL

Pivotal Software

$11.35

-0.15 (-1.30%)

SBH

Sally Beauty

$12.30

-2.49 (-16.84%)

ALDX

Aldeyra

$7.08

-0.29 (-3.93%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

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09:06
06/25/19
06/25
09:06
06/25/19
09:06
General news
FHFA House Price Index M/M change data reported »

April FHFA House Price…

AETI

American Electric Tech.

$0.69

-0.0099 (-1.41%)

09:05
06/25/19
06/25
09:05
06/25/19
09:05
Hot Stocks
American Electric Tech. receives $725,000 distribution from Bomay joint venture »

American Electric Tech.…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Jul

09:05
06/25/19
06/25
09:05
06/25/19
09:05
General news
NY Fed's Williams didn't discuss monetary policy or the economy »

NY Fed's Williams…

09:04
06/25/19
06/25
09:04
06/25/19
09:04
General news
S&P/Corelogic Case-Shiller Home Price Index data reported. »

April S&P/Corelogic…

ZTS

Zoetis

$113.46

0.6 (0.53%)

09:03
06/25/19
06/25
09:03
06/25/19
09:03
Recommendations
Zoetis analyst commentary  »

Zoetis price target…

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