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Actionable news in STZ: CONSTELLATION BRANDS Inc,

Constellation Brands Sells Off as Investors Brace for Trade Turbulence with Mexico

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. Click here for a free trial.

Acquisitions have made Constellation Brands (STZ) the largest importer of Mexican beer, but the news of Donald Trump's victory in Tuesday's presidential election have investors worried about the president-elect's trade policies, including a potential NAFTA repeal.

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...


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