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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.

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