Hot Brand Distributors Still See Lots of Run Room

Dear Client:No surprise, a distributor survey done by Jefferies shows STZ distributors are bullish on Constellation beer -- but not the entire industry -- over the next year. They have faith in line extensions, too -- as do Mich Ultra distributors, who are also very bullish on that brand's sustained growth.In all, the Jeffries survey "suggests rational beer pricing, modest volume falls, and bifurcation of the high and low end." STZ distribs expect Mexican import volumes to spike almost 10%