Goldman Sachs analyst Bonnie Herzog is incrementally more positive on Molson Coors Beverage & Constellation Brands but incrementally negative on Boston Beer Company based on feedback from the beer distributor contacts in the recent Beverage Bytes survey.
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On Friday, Constellation Brands (NYSE: STZ) reported its third quarter financials that fell short of expectations as persistently high inflation slowed down the demand for its high-priced spirits.