real-time news and commentary for investors
Tuesday, Sep 3
Goldman upgrades Constellation Brands
- Constellation Brands (STZ +0.8%) gets an upgrade from Goldman to Buy from Neutral.
- Analyst Judy Hong has "been bullish on the long-term margin upside in the beer business" and now says there's "a near-term catalyst in the recent acceleration of STZ’s beer volume."
- FY14 and FY15 EPS estimates hiked to $2.87 (from $2.85) and $3.80 (from $3.77) respectively.
- Price target hiked to $65 from $59.