Analysts say Corona brewer is a buy despite slowdown in sales across the industry

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 72%

Stock Takes Noticias

Jim Cramer,Investment Strategy,Markets

Two Wall Street research firms shoot down worries about a key beer sales metric for Constellation Brands.

Two Wall Street research firms are calling Constellation Brands a buy, arguing that worries over a key sales metric for the beer maker are overblown. Analysts at Jefferies last week said industrywide depletions — a measure of how much beer is sold to retailers by distributors — "remain weak" and see a likely April slowdown due to bad weather. However, distributors polled by Jefferies are bullish on Constellation, seeing buyers trade-up for its Modelo brand.

Cans of Corona and Modelo beer are displayed on a shelf at a BevMo store on January 05, 2024 in San Rafael, California.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in AR

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Top Wall Street analysts pick these 3 dividend stocks for higher returnsTipRanks’ analyst ranking service highlights Wall Street’s best-performing stocks, including Cisco Systems and Goldman Sachs.
Fuente: nbcchicago - 🏆 545. / 51 Leer más »

Top Wall Street analysts pick these 3 dividend stocks for higher returnsTipRanks’ analyst ranking service highlights Wall Street’s best-performing stocks, including Cisco Systems and Goldman Sachs.
Fuente: NBCDFW - 🏆 288. / 63 Leer más »

Top Wall Street analysts favor these 3 stocks for their growth potentialTipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Netflix and General Motors.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Top Wall Street analysts suggest these dividend stocks for income investorsTipRanks’ analyst ranking service highlights Wall Street’s best-performing stocks, including Coca-Cola and Energy Transfer
Fuente: NBCLA - 🏆 319. / 59 Leer más »

Top Wall Street analysts are feeling confident about these 3 stocks after earningsTipRanks’ analyst ranking service highlights Wall Street’s best-performing stocks, including Apple and Shake Shack.
Fuente: NBCLA - 🏆 319. / 59 Leer más »