Upside seen for Constellations Brands

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

Constellations Brands (STZ +0.6%) tracks higher after Goldman Sachs adds the beverage stock to its Conviction Buy List.

The Goldman team thinks concerns over slowing beer sales for Constellation are overdone. The firm's price target of $200 reps 18% upside potential for STZ shares.

Last week, SA contributor Casey Hoerth called Constellations Brands a "counter-Trump" play which could give investors a nice entry point if the share price moves sharply off of trade news.