Guggenheim Raises Price Target for Constellation Energy, Citing Unique Positioning and Financial Metrics
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Constellation Brands, a leading beverage company known for its Mexican beer portfolio, including brands like Modelo Especial and Corona Extra, has shown solid growth in its beer business. In the third quarter of fiscal 2024, Constellation Brands achieved a notable depletion growth of 8.2%, marking the 55th consecutive quarter of growth in this area . This growth can be attributed to the company's focus on higher-end brands and its premiumization strategy, which have aligned well with consumer trends. The success of its high-end brands has contributed to Constellation Brands' strong sales growth in the beer segment.
In addition to its growth in the beer business, Constellation Brands has demonstrated a balanced approach to capital allocation. The company executed $215 million in share rep...
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