Bullish Options Activity in Constellation Brands (STZ) Amid Post-Earnings Weakness -Susquehanna

Constellation Brands (STZ) PT Raised to $250 at SunTrust Robinson Humphrey Following 3Q

January 8, 2018 8:03 AM EST

SunTrust Robinson Humphrey raised its price target on Constellation Brands (NYSE: STZ) to $250.00 (from $230.00) while maintaining a Buy rating following the company's 3Q results. SunTrust raised FY18 and FY19 EPS estimates to $8.49 and $9.62 (from $8.38 and $9.34) and initiated a FY20 EPS estimate of $11.15.

For... More

Constellation Brands (STZ) PT Raised to $258 at Cowen Following 3Q

January 5, 2018 2:27 PM EST

Cowen raised its price target on Constellation Brands (NYSE: STZ) to $258.00 (from $243.00) while maintaining a Outperform rating following the company's 3Q earnings report. STZ posted another strong quarter, with 9% beer depletion growth, despite a sluggish category backdrop.

While the beer category continues to post... More

Constellation third quarter sales miss, no hit from legalized pot

January 5, 2018 7:44 AM EST

By Siddharth Cavale

(Reuters) - Constellation Brands Inc (NYSE: STZ) missed Wall Street estimates for third quarter revenue on Friday and said wine and spirit sales for the full-year would be at the low end of a previous forecast, sending its shares down as much as 4 percent.

Its stock recouped some of the losses later in the day after Chief Executive Robert Sands said the company was seeing no real impact on alcohol sales from the legalization of cannabis for recreational use in six U.S. states.

The comments come... More

Constellation Brands (STZ) Tops Q3 EPS by 11c, Raises FY EPS Guidance

January 5, 2018 7:34 AM EST

(Updated - January 5, 2018 7:41 AM EST)

Constellation Brands (NYSE: STZ) reported Q3 EPS of $2.00, $0.11 better than the analyst estimate of $1.89. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.87 billion.

Board of Directors authorizes new $3 billion share repurchase program; $308 million... More

Sessions Moves on Cannabis 'Not Terribly Disruptive' - Cowen

January 4, 2018 10:18 AM EST

Cowen analyst Vivien Azer weighed on the Cannabis sector after reports AG Jeff Sessions is planning on rescinding the 2013 Cole Memo.

Azer doesn't view this as terribly disruptive, as enforcement decisions will seemingly be left to state-level AG's.

"In legal adult use cannabis states, given the tax... More

Constellation Brands (STZ) PT Raised to $260 at Wells Fargo

January 4, 2018 5:55 AM EST

Wells Fargo raised its price target on Constellation Brands (NYSE: STZ) to $260.00 (from $235.00) while maintaining a Outperform rating.

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Constellation Brands (STZ) PT Raised to $250 at Macquarie

January 3, 2018 5:59 AM EST

Macquarie raised its price target on Constellation Brands (NYSE: STZ) to $250.00 (from $246.00) while maintaining a Outperform rating.

... More