What’s the Deal With Corona Premier and Ballast Point?

Dear Client:Yesterday we covered Constellation CFO David Klein's comments on M&A and beer portfolio growth prospects at RBC's Consumer Conference.But those conversations begged the question of innovation success rates, and recent acquisition payoffs.CORONA PREMIER FEEDBACK? After management announced they'd test a Mich Ultra competitor, Corona Premier, in late 2016, Southeast distributors had been "hesitant on the concept," said RBC's Nik Modi. And now?"We don't have a lot of feedback to date," said David. But "demand is ahead of where we