Constellation Brands (STZ) NewsBite - STZ Price Target Lifted

Posted: Thursday, November 12, 2009 2:08 PM EDT

Constellation Brands (NYSE: STZ) opened at $16.61. So far today, the stock has hit a low of $16.40 and a high of $16.79. STZ is now trading at $16.67, unchanged (0%). Over the last 52 weeks the stock has ranged from a low of $10.66 to a high of $17.16. Deutsche Bank analysts lifted their price target on STZ today raised to $19 from $15. Technical indicators for the stock are bullish and S&P gives STZ a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on STZ the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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