Constellation Brands

According to Morgan Stanley, Constellation Brands (NYSE: STZ) EW rating is maintained. Morgan Stanley reported that it maintains its EW rating on STZ following better than expected Q4 EPS / F2012 guidance, with most of the upside in our minds driven by unsustainable items (i.e. lower taxes,...

Constellation Brands Inc. (NYSE: STZ) reported FQ4 EPS of $0.35 yesterday, “above the $0.26 consensus and JPM estimate,” J.P. Morgan reports. “The company cycled a quarter with weak shipments due to an inventory adjustment, but FQ4 sales were still ahead of our forecast and the company got more...

Constellation Brands, Inc.'s (NYSE: STZ) 3QFY11 EPS of $0.66 was above “our estimate of $0.64 and the consensus of $0.62,” Goldman Sachs reports. “However, operating performance came in weaker than expected, as operating income was $0.09 below our estimate on softer sales and margins, partly offset...

Morgan Stanley is downgrading Constellation Brands, Inc. (NYSE: STZ) to EW, “given we believe valuation is now reasonable after recent stock outperformance.” “STZ is now trading slightly above our prior $21 price target after a large 39% jump in the stock in 2010 (vs. a 13% S&P 500 increase),”...

Citigroup recently hosted Constellation Brands (NYSE: STZ) at Citi's Small Mid Cap Conference and had the opportunity to spend time with Treasurer David Klein. “Our meetings reinforced our confidence in the turnaround at the company, in particular the top line growth recovery that we expect to see...

Citigroup says that it feels increasingly confident in Constellation Brands, Inc. (NYSE: STZ) after attending its Analyst Meeting in Napa and Sonoma. “We now believe that STZ should trade at a 5% discount to the S&P 500 (vs. 10% previously),” Citigroup writes. “Given our $1.96 CY11 EPS...

Deutsche Bank's Beer Report: Annheuser-Busch InBev (EBR: ABI) (NYSE: BUD) is continuing to emphasize global brands, focusing on profitability over volume, and long-term growth of US volume despite 2009 declines, Deutsche Bank reports. Concerns are the possible lack of flexibility on promotion to...

Constellation Brands, Inc. (NYSE: STZ) has reported market share gains in US Wine, after showing since April 2009 STZ's wine market posted consistent declines until the four week period ending August 7, 2010, when STZ posted a market share gain of 0.2 points to 15.6%. Citigroup reiterates its Buy...

Constellation Brands, Inc. (NYSE: STZ) has finally posted market share gains in U.S. Wine, according to Citigroup, after reporting consistent declines associated with distribution consolidation. Citigroup reports that the distribution change has been proving to be successful as these trends have...