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 Berita

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.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: nbcchicago - 🏆 545. / 51 Baca lebih lajut »

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.
Sumber: NBCDFW - 🏆 288. / 63 Baca lebih lajut »

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.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

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
Sumber: NBCLA - 🏆 319. / 59 Baca lebih lajut »

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.
Sumber: NBCLA - 🏆 319. / 59 Baca lebih lajut »