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Constellation Soars on IPO Chatter and Earnings as Vice Stocks Rally

2016-04-06 21:05:29| Beverages - Topix.net

Shares of Constellation Brands climbed 5% by midday trading Wednesday, the latest among a series of big gains in so-called vice stocks. The Victor, N.Y.-based alcoholic-beverage producer, whose beer labels include Corona and Pacifico, delighted investors with a morning report of a quarterly earnings beat and talks an initial public offering of Constellation's Canadian wine businesses.

Tags: vice stocks earnings rally

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