Constellation Brands Stock Brushes Off Quarterly Miss

Shares of Constellation Brands Inc (NYSE:STZ) are 2.2% higher to trade at $168.52 at last check, reversing premarket losses as they brush off a fiscal first-quarter earnings and revenue miss. The spirits concern saw lower demand for alcoholic beverages and higher costs due to aluminum tariffs, both of which hurt profitability. On the analyst front, both Evercore ISI and Bernstein reiterated their "outperform" ratings on STZ today. STZ is on track for its fourth-straight daily win, but is fresh off monthly a ...