Dear Client: Morgan Stanley released a note this weekend revealing some major tailwinds for Constellation Beer. According to an AlphaWise study they commissioned in April, improved macro trends (consumer spending) seem to be benefitting Constellation Beer more than other major beer suppliers. The bank gave the company an overweight rating. "We continue to believe that Modelo Especial is the key driver of STZ's long-term beer volume growth potential, with both significant distribution expansion potential (Modelo Especial has about three-quarters of
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