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Goldman Sachs downgrades Constellation Brands (STZ) to a Neutral rating from Buy due to the new...

Goldman Sachs downgrades Constellation Brands (STZ) to a Neutral rating from Buy due to the new uncertainty of the Anheuser-Busch InBev deal to buy Grupo Modelo. Analysts with the firm lower their estimate for a deal closing to 50% from its previous forecast of 75%. STZ -1.1% premarket, adding to yesterday's 17.4% loss. On the stock movement Hedgeye thinks the reaction may be overdone with the DOJ issue just "part of the dance."
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