By Market News Video Staff, Thursday, November 18, 1:49 PM ET
Constellation Brands (NYSE:STZ) shares are trading higher today after Citi (NYSE:C) raised it price target on the stock by $1 to $25 per share. With the higher price target, Citigroup maintained a buy rating on the stock. The alcoholic beverage producer has a better managed wine portfolio, Citi said, and should become more attractive to investors. Citi also hiked its 2010 and 2011 profit estimates for the company.
Constellation shares are trading higher by 4.7% on Thursday.
At 2.73% of the fund, Constellation is the fourth-largest holding of the Rydex S&P Equal Weight Consumer Staples ETF (AMEX:RHS). Top stocks in the fund include Whole Foods (WFMI) at 3.07% of the fund and Estee Lauder (NYSE:EL) at 3.01%.
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