UBS Maintains a 'Buy' on Constellation Brands (STZ); Upside Potential with Downside Protection
Get Alerts STZ Hot Sheet
Price: $135.66 +1.13%
Rating Summary:
22 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
22 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UBS maintains a 'Buy' on Constellation Brands (NYSE: STZ), PT increased from $23 to $25.
UBS analyst says, "Based on today’s (4/7) results, we are raising our FY 2012 EPS to $1.98 (from $1.91) on $2.5bn in rev. FY’12 will have difficult comparables, with FY’11 year shipment growth greater than deple tion takeaway, resulting in inventory build. However, STZ depletions should match those of a strong wine category and underscore strong fundamentals. After FY12’s comp issues are through, reporting will be more indicative of actual performance."
For more ratings news on Constellation Brands click here and for the rating history of Constellation Brands click here.
Shares of Constellation Brands closed at $21.79 yesterday.
UBS analyst says, "Based on today’s (4/7) results, we are raising our FY 2012 EPS to $1.98 (from $1.91) on $2.5bn in rev. FY’12 will have difficult comparables, with FY’11 year shipment growth greater than deple tion takeaway, resulting in inventory build. However, STZ depletions should match those of a strong wine category and underscore strong fundamentals. After FY12’s comp issues are through, reporting will be more indicative of actual performance."
For more ratings news on Constellation Brands click here and for the rating history of Constellation Brands click here.
Shares of Constellation Brands closed at $21.79 yesterday.
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