Constellation Brands (STZ) Tops Q1 EPS by 14c; Boosts FY15 EPS Outlook

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Go back to Constellation Brands (STZ) Tops Q1 EPS by 14c; Boosts FY15 EPS Outlook

Goldman Sachs Comment on Constellation Brands' (STZ) Q1

July 3, 2014 8:51 AM EDT

Goldman Sachs maintained a Neutral rating on Constellation Brands (NYSE: STZ) with a modified price target of $97.00 (from $94.00). The change follows strong Q1 results and guidance.

"Depletion growth of 7.9% was slightly below our estimate but pricing growth came in better and recent Nielsen measured-channel data points to continued broad-based strength... More