Constellation Brands: Jefferies still a buyer
(CercleFinance.com) - This Tuesday an analyst at Jefferies confirmed his "buy" recommendation on the Constellation Brands share, accompanied with a target price of 265 dollars.
"STZ remains our preferred growth idea post an upbeat Beer Investor Presentation in Las Vegas, hosted by the co's executive leadership. We came away from the event encouraged by mgmt's bullishness regarding topline momentum driven by a healthy core (Corona/Modelo), runway for premiumization and promising innovation," Jefferies says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"STZ remains our preferred growth idea post an upbeat Beer Investor Presentation in Las Vegas, hosted by the co's executive leadership. We came away from the event encouraged by mgmt's bullishness regarding topline momentum driven by a healthy core (Corona/Modelo), runway for premiumization and promising innovation," Jefferies says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.