13 min listen
Constellation Brands (STZ) Shares Surge On Earnings Beat
FromSchwab Network
ratings:
Length:
8 minutes
Released:
Apr 7, 2022
Format:
Podcast episode
Description
Constellation Brands (STZ) is our top pick in the U.S. alcohol space, says Nadine Sarwat, Director and Analyst, Berstein. Berstein has an outperform rating and a $275 price target on Constellation. Nadine says their Mexican beer names such as Modelo and Corona are strong. She says they think it is trading at a discount to where it should be today. Brett Sifling of Gerber Kawasaki Wealth & Investment Management discusses the Sands family giving up shares and he discusses a potential buyback. Nadine says Constellation should focus on their beer business. Brett discusses the cannabis space for expansion. Nadine points out that rising input costs are still affecting Constellation.
Released:
Apr 7, 2022
Format:
Podcast episode
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