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Updated · MarketWatch · May 1Constellation Brands shares slide 2.40% in mixed market trading
14 articles · Updated · MarketWatch · May 1
- The stock closed at $152.82 as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
- Constellation Brands ended 22.39% below its 52-week high of $196.91, reached on 16 May.
- Among peers, Brown-Forman Class A fell 0.38%, Brown-Forman Class B lost 0.85%, and Molson Coors Class A dropped 6.16%.
Analysts call STZ undervalued, but with the alcohol industry in decline, what is the hidden risk for investors? Facing potential tariffs, is Constellation's $4 billion bet on Mexican breweries a brilliant expansion or a massive gamble? As consumers drink less alcohol, can a pivot to non-alcoholic brands truly secure Constellation's future?