Fly News Breaks for March 5, 2020
Mar 5, 2020 | 08:00 EDT
Jefferies analyst Kevin Grundy said Constellation Brands hosted an "upbeat" Beer Investor Presentation in Las Vegas that left him "encouraged" by management's bullishness regarding topline momentum driven by a healthy core and promising innovation, such as the company's hard seltzer launch. The analyst, who continues to see "adequate scope" for the stock to re-rate higher, keeps a Buy rating on Constellation, which he identifies as a preferred growth idea.
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