Editors' note: This article was originally published by The Deal, a sister publication of TheStreet that offers sophisticated insight and analysis on all types of deals, from inception to integration.
Acquisitions have made Constellation Brands (
While stocks were steady after volatile futures and premarket trading, Constellation shares plunged 8.1% to $153.08 in early trading Wednesday. The company will hold its Investor Day on Wednesday afternoon.
Bank of America/Merrill Lynch analyst Bryan Spillane downgraded Constellation to "Underperform" from "Buy" and lowered his price...