STZ - St. Patrick's Day cheer from Goldman on Monster Constellation and Boston Beer
Goldman Sachs is out with positive updates on Monster Beverage (MNST), Constellation Brands (STZ) and Boston Beer (SAM) on what it sees as very favorable risk-reward profiles on the beverage companies into the re-opening period. "Against this backdrop, we reiterate our Buy ratings on STZ (on the conviction list), SAM & MNST given: (1) strong category momentum and (2) robust innovation pipelines - as we believe they are very well-positioned across multiple market environments," updates the firm. Goldman has all three stocks slotted with a Buy rating. The Seeking Alpha Quant Rating on Constellation Brands is Bullish, while Monster and Boston Beer have Neutral Quant ratings.
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St. Patrick's Day cheer from Goldman on Monster, Constellation and Boston Beer