Constellation Brands, Inc. engages in producing and marketing beverage alcohol brands in wine, spirits, and imported beer categories. It operates in three divisions: Constellation Wines, Constellation Spirits, and Crown Imports. The Constellation Wines division produces and markets table wine, sparkling wine, and dessert wine under various brands, such as Robert Mondavi Winery, Inniskillin, Simi, Wild Horse, Kim Crawford, Estancia, Toasted Head, Clos du Bois, Ravenswood, Jackson-Triggs, Blackstone, Ruffino, Nobilo, Rex Goliath, Hogue, Alice White, Hardys, Kumala, Black Box, Banrock Station,...
Roth Capital upgraded Charlotte Russe (NASDAQ: CHIC) to Hold from Sell. The firm is positive on management's strategy to drive improved operating performance and is encouraged by the company's longer-term growth prospects.
Banc of America upgraded shares of Las Vegas Sands (NYSE: LVS) to Neutral from Sell following the company's capital raise as they see a more balanced risk/reward at
UPGRADES:Banc of America upgrades Las Vegas Sands (NYSE: LVS) from Sell to Neutral.Citi upgrades PetroChina (NYSE: PTR) from Sell to Hold. UBS upgrades Constellation Brands (NYSE: STZ) from Neutral to Buy, citing valuation after 52% slide in the last two months. UBS lowered their price target from $24 to $17. For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:Piper Jaffray & Co. downgrades Giant Interactive (NYSE: GA) from Buy to Neutral. Price target lowered from $11 to $6.Morgan Stanley downgrades JC Penney (NYSE: JCP) from Overweight to Equal-weightJ.P. M...
On Thursday, Marriott International Inc. (NYSE: MAR) said its third-quarter earnings fell 28% and warned of deteriorating conditions for 2009, and Constellation Brands Inc. (NYSE: STZ) posted a loss of nearly $23 million in its fiscal second quarter due to charges to reduce operations in Australia.
For the quarter ended Sept. 5, Marriott's net income slipped to $94 million, or 26 cents per share. Excluding a $29 million tax planning charge, adjusted income from continuing operations totaled $123 million, or 34 cents per share. Revenue rose
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