Constellation Brands Inc. (STZ) Broke Out To A New High For The Year

Buckingham Research initiated coverage on shares of Constellation Brands Inc. (STZ) Wednesday morning with a "Buy" rating and a price target of $46 per share.

Constellation Brands gapped open higher Wednesday and rose steadily until around 1:30PM. The stock ended the day with a gain of 2.24 at $38.65, with volume at over a 6-month high. Constellation Brands broke out of a 2-week range and set a new high for the year.

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