Morgan Stanley on Constellation Brands (STZ): 'Concerns Overblown'
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Mexico President's Comments a Reiteration of Existing Policy, Won't Impact STZ - Analysts
August 9, 2022 3:20 PM EDTAccording to a report by Bloomberg, Mexico President Andres Manuel Lopez Obrador said on Monday that the country should stop making the drink in the north as it faces severe water shortages.
The northern Mexican region of Monterrey is suffering from water scarcity issues. In addition, the region is said to be Mexico's "industrial heartland," with beermakers such as Heineken NV and Mexican beer giant Grupo Modelo having facilities there.
Bloomberg said Lopez Obrador told beer companies the government will support them in producing beer in the south or southeast.
Mexico's President is said to... More
Constellation Brands (STZ) Responds To Concerns About Mexico Water Supply - Bloomberg
August 9, 2022 10:14 AM EDTConstellation Brands (NYSE: STZ) Responds To Concerns About Mexico Water Supply- Bloomberg
Says It's Working W/Government On Veracruz PlantConstellation: Amlo Supports Co.'s Existing Breweries, Plans... MoreConstellation Brands (STZ) Shares Sink 5%
August 8, 2022 3:48 PM EDTConstellation Brands (NYSE: STZ) Shares Sink 5%
... More