Constellation Brands Showing Improved Share Trends

Constellation Brands, Inc. STZ has finally posted market share gains in U.S. Wine, according to Citigroup, after reporting consistent declines associated with distribution consolidation. Citigroup reports that the distribution change has been proving to be successful as these trends have indicated, and now focused sales teams can benefit from Constellation's large portfolio, eliminated of competitors, enhanced performance-based incentives, and increased marketing and promotional support from the company. Constellation Brands is having its Buy rating reiterated and price target of $21. Constellation Brands closed yesterday at $16.66.