Shares of Constellation Brands (STZ +3.5%) rally after the company announces it completed a sale...

|About: Constellation Brands, Inc. (STZ)|By:, SA News Editor

Shares of Constellation Brands (STZ +3.5%) rally after the company announces it completed a sale of $650M in senior notes. Proceeds from the offering are earmarked to help fund the wine seller's purchase of Crown Imports. Also: Stifel Nicolaus ups its price target on STZ to $36 from $32.