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

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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...