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Stock Market & Financial Investment News

News Breaks
July 3, 2014
06:40 EDTSTZConstellation Brands price target raised to $113 from $90 at Stifel
Stifel raised its price target for Constellation Brands shares to $113 following the company's Q1 results and keeps a Buy rating on the name.
News For STZ From The Last 14 Days
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April 14, 2015
10:34 EDTSTZOptions with decreasing implied volatility
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10:01 EDTSTZOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AB InBev (BUD) initiated with a Neutral at Susquehanna... AMC Networks (AMCX) initiated with an Overweight at Piper Jaffray... Avery Dennison (AVY) initiated with a Hold at BB&T... Boston Beer (SAM) initiated with a Neutral at Susquehanna... Brocade (BRCD) initiated with a Neutral at Wedbush... Bunge (BG) initiated with an Overweight at Stephens... CIRCOR (CIR) initiated with a Speculative Buy at Global Hunter... Cabot Microelectronics (CCMP) initiated with a Buy at BB&T... Canadian Natural (CNQ) initiated with a Buy at GMP Securities... Cenovus Energy (CVE) initiated with a Hold at GMP Securities... China Distance Education (DL) initiated with a Buy at Brean Capital... Coca-Cola Enterprises (CCE) initiated with a Negative at Susquehanna... Coca-Cola (KO) initiated with a Negative at Susquehanna... Constellation Brands (STZ) initiated with a Neutral at Susquehanna... Discover (DFS) initiated with an Outperform at Wells Fargo... Dr Pepper Snapple (DPS) initiated with a Neutral at Susquehanna... Flex Pharma (FLKS) initiated with a Buy at H.C. Wainwright... Flowserve (FLS) initiated with a Neutral at Global Hunter... Goldman Sachs BDC (GSBD) initiated with a Neutral at BofA/Merrill... ITT Corp. (ITT) initiated with an Accumulate at Global Hunter... Intra-Cellular (ITCI) initiated with an Outperform at RBC Capital... Keurig Green Mountain (GMCR) initiated with a Positive at Susquehanna... Microsemi (MSCC) initiated with a Buy at Topeka... Molson Coors (TAP) initiated with a Positive at Susquehanna... Monster Beverage (MNST) initiated with a Neutral at Susquehanna... New Oriental Education (EDU) initiated with a Hold at Brean Capital... OM Group (OMG) initiated with a Buy at BB&T... Pattern Energy (PEGI) initiated with a Buy at Citigroup... Pentair (PNR) initiated with a Neutral at Global Hunter... PepsiCo (PEP) initiated with a Positive at Susquehanna... Ply Gem (PGEM) initiated with an Overweight at KeyBanc... SodaStream (SODA) initiated with a Positive at Susquehanna... Splunk (SPLK) initiated with an Outperform at Baird... SteadyMed (STDY) initiated with an Outperform at JMP Securities... Suncor (SU) initiated with a Hold at GMP Securities... SuperCom (SPCB) initiated with a Buy at B. Riley... TAL Education (XRS) initiated with a Buy at Brean Capital... Tarena (TEDU) initiated with a Buy at Brean Capital... Ulta Salon (ULTA) initiated with a Buy at Evercore ISI... Versartis (VSAR) initiated with a Buy, $50 target at SunTrust... WisdomTree (WETF) initiated with a Market Perform at Keefe Bruyette... uniQure (QURE) initiated with a Buy at Roth Capital.
April 13, 2015
17:16 EDTSTZConstellation Brands initiated with a Neutral at Susquehanna
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10:33 EDTSTZOptions with decreasing implied volatility
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April 10, 2015
10:22 EDTSTZOptions with decreasing implied volatility
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April 9, 2015
07:34 EDTSTZConstellation Brands sees FY16 comparable EPS $4.70-$4.90, consensus $4.85
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07:32 EDTSTZConstellation Brands reports Q4 EPS $1.03, consensus 94c
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07:19 EDTSTZConstellation declares initial quarterly dividend of 31c on Class A shares
Constellation Brands announced that its board of directors has approved the initiation of a dividend program under which the company intends to pay a regular quarterly cash dividend to stockholders of its common stock. Constellation's board of directors declared an initial quarterly cash dividend of 31c per share of Class A Common Stock and 28c per share of Class B Common Stock, payable on May 22 to stockholders of record as of the close of business on May 8. CFO Bob Ryder, stated, "Both our beer and wine and spirits businesses have strong, consistent, cash generation capabilities and produce solid returns on invested capital. The beer business acquisition and our organic growth focus across our businesses have strengthened our financial profile and created significant capital allocation flexibility and shareholder return opportunities. We are initially targeting a dividend payout ratio of 25% - 30% of our comparable basis net income. Going forward, we will evaluate opportunities to increase our dividend based on the growth of our net income and free cash flow."
April 8, 2015
15:25 EDTSTZNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Walgreens Boots Alliance (WBA), consensus 95c... Constellation Brands (STZ), consensus 94c... Synergy Resources (SYRG), consensus 4c.
15:06 EDTSTZConstellation Brands technical comments before earnings
The stock has been on a rapid rise since the start of the year, trading up 20%. Concerns have begun to emerge about share valuation, but that has not stopped the breakout in price that began in mid-2012 from gaining momentum. With price close to the life high at $120.24, there is little in the way of overhead resistance. A move to the $125 to $130 area would seem quite probable on strong news or outlook, using price channel projection as a guide. This technical move would fit largely with analyst price targets according to Thomson/First Call. The $125 area is the median price target, with the mean at $120.53 and the high at $137. The low target at $82 is something of an outlier, but is still above the 52-week low at $76.26. If the news were a disappointment, given the extension in valuation and the price run-up, there could be a larger than normal correction in price. First support would be at the 50-day moving average at $114.84. If that moving average were broken, next support would be at $109.91 and then at $100.77. In view of the long-term trend, it would take a move down to and below the 50-week moving average at $96.10 to break the long-term uptrend. Each touch of that average has been an initiation point for longs in the last two years.

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