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Constellation Shares Fall on Downgrade

By Market News Video Staff, Friday, November 12, 11:44 AM ET
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Constellation Brands (NYSE:STZ) shares are falling today after a downgrade by Standpoint Research.

The maker of Corona beer and Mondavi wine was cut from buy to hold, on Standpointís suggestion that the companyís all-time high net profit margins will be difficult to maintain

Constellation Brands shares are trading down 2% Friday.

It is 1.31% of the Dynamic Food & Beverage Portfolio (AMEX:PBJ), behind Starbucks (NASDAQ:SBUX), 5.94% of the fund, Coca-Cola Enterprises (NYSE:CCE), at 5.86% of the fund, Yum! Brands (NYSE:YUM) at 5.57% of the total, and others.

This Article's Word Cloud:   AMEX   Beverage   Brands   Coca   Cola   Constellation   Corona   Dynamic   Enterprises   Food   Friday   Mondavi   NYSE   Portfolio   Research   SBUX   Standpoint   Starbucks   after   beer   behind   company   difficult   down   downgrade   falling   from   fund   high   hold   maintain   maker   margins   others   profit   shares   suggestion   that   time   today   total   trading   will   wine
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