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☆ Molson Coors bumps up annual forecast on strong demand for premium beers
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

Aug 1 (Reuters) - Molson Coors Beverage (TAP.N) on Tuesday raised its annual sales and profit forecasts, boosted by strong demand for its core brands Miller Lite and Coors Light. For the Americas segment, Molson Coors' net sales rose 10.7% in the second quarter as it shipped more premium beers. Molson Coors now expects full-year 2023 sales to grow in high single-digit percentage, on a constant currency basis. Annual underlying income before income taxes is expected to increase between 23% and 26%, on a constant-currency basis, compared with a low single-digit percentage increase forecast earlier. However, Molson Coors posted second-quarter sales of $3.27 billion, missing estimates of $3.29 billion, according to Refinitiv data.

Persons: Brown, Forman, InBev's Bud, influencer Dylan Mulvaney, Bud Light, Roth, Bill Kirk, Molson Coors, Savyata Mishra, Milla Nissi, Shounak Organizations: Molson Coors Beverage, Miller Lite, Anheuser, Busch InBev, Constellation Brands, Molson Coors, InBev's, Coors, Molson, Thomson Locations: U.S, Chicago, Bengaluru

☆ Epic OneWater Brew: The beer made from recycled shower water
▼ + stars: | 2023-08-01 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

More states, including Arizona, Colorado, Florida, New Mexico and Washington, are in the process of updating their water reuse regulations. In 2017, two California-based brewers produced limited-edition beers made from recycled water, to serve at local events. “When I got into the water industry, there was a lot of often-repeated tropes that the general public was just not ready for recycled water,” he says. There’s a mental perception that recycled water is not as clean as other sources of water. “You’re going to start hearing a lot more about a lot of different industries using recycled water for their products.

Persons: ”, Aaron Tartakovsky, Germany —, it’s, ” Tartakovsky, “, Cleantec, Tartakovsky, David Sedlak, Sedlak, Daniel McCurry, McCurry, “ You’re Organizations: CNN, Berkeley Water Center, University of California, Civil, Environmental Engineering, University of Southern Locations: San Francisco, Germany, California, Texas, Arizona , Colorado , Florida, New Mexico, Washington, Southern California, Singapore, Australia, Berkeley, University of Southern California, San Diego

☆ Ashes beers are back on, says England coach McCullum
▼ + stars: | 2023-08-01 | by ( Hugh Lawson | ) www.reuters.com time to read: +2 min

[1/6] Cricket - Ashes - Fifth Test - England v Australia - The Oval, London, Britain - July 29, 2023 England head coach Brendon McCullum during the warm up before the start of the day's play Action Images via Reuters/Andrew Boyers/File PhotoLONDON, Aug 1 (Reuters) - England coach Brendon McCullum said he was more than happy to share a beer with the Australia squad now that the Ashes series is over, having suggested after the second test that he wouldn't do so following a controversialincident. The series ended 2-2 after England won the final test at The Oval by 49 runs on Monday, so Australia retained the Ashes urn. "Yeah, we'll have a beer," McCullum said with a laugh when asked by reporters about his previous comments. "I can't imagine we'll be having a beer with them any time soon," McCullum told the BBC after the incident. "Ashes series have all these twists and turns and moments which people talk about and are able to remember them by, and that was certainly one of those," he said.

Persons: Brendon McCullum, Andrew Boyers, McCullum, Alex Carey, Jonny Bairstow, Bairstow, You've, I've, Pat Cummins, Pat, Hugh Lawson, Ed Osmond Organizations: England, Australia, MCC, BBC, IPL, Thomson Locations: Australia, London, Britain, England, Lord's, India

☆ Miller Light brewer benefits from Bud Light’s turmoil
▼ + stars: | 2023-08-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

That’s a drastic change from the same quarter a year ago, when Bud Light sales were higher than Coors Light and Miller Light sales combined. Net income for the second quarter grew to $342 million, up from $47 million in the same period a year earlier. Since then, sales of Bud Light have been consistently falling by more than 20% every week (compared to the same week prior) since April. In May, the seemingly unthinkable happened: Modelo Especial displaced Bud Light from its top-selling spot in the United States for the first time, ending a roughly two-decade run for Bud Light. The beer giant is set to announce earnings — which will fully cover the Bud Light sales slide — on Thursday.

Persons: Bud, That’s, Molson Coors, Bud Light’s, Bud Light Organizations: New, New York CNN, Molson Coors, Miller, Coors, Anheuser Busch, TAP, Light, Modelo Especial, Bud Light, Molson, Bud, Constellation Brands, Corona Locations: New York, United States

☆ Heineken’s pricing goof has a strategic spillover
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 31 (Reuters Breakingviews) - Dolf van den Brink has had a six-month-long happy hour. Heineken’s misstep occurred even though the company increased prices for its beers by an average of 13% from a year earlier. While consumer goods groups like Unilever (ULVR.L) managed to hike without losing much business, Heineken’s 6% hit to beer sales in the first half suggests van den Brink has not. In Vietnam, which analysts at Bernstein estimate accounts for nearly half of that region’s sales, Heineken admitted its pricing was mistimed. Van den Brink seems confident the worst is over for 2023, because all his price hikes have already happened.

Persons: van den Brink, misstep, Bernstein, Van den Brink, Yawen Chen, ’, George Hay, Oliver Taslic Organizations: Reuters, Heineken, Unilever, Walmart, BT boss’s, of Japan, Thomson Locations: Vietnam, United States

☆ Heineken cuts 2023 forecast on Vietnam slowdown
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: +1 min

Heineken said it has seen signs of slowdown in demand for its beer in some European markets after its third-quarter sales rose by less than expected. Heineken , the world's second-largest brewer by volume, on Monday cut its 2023 profit growth forecast after an economic slowdown in Vietnam depressed first-half earnings by more than expected. The Dutch company, whose brands include Tiger and Sol, said it now expected growth in operating profit before one-offs this year to be between zero and a mid single-digit percentage. Heineken said its results in Asia had been affected by an economic slowdown, notably in Vietnam, one of the company's largest markets, which is facing reduced global demand for its exports. Operating profit reduced by about a third.

Persons: Heineken Organizations: Heineken, Tiger Locations: Vietnam, Asia

☆ The Dave Matthews Band, Reconsidered
▼ + stars: | 2023-07-29 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com time to read: +1 min

The Dave Matthews Band is on tour, as they have been every summer, except 2020, for the past 30-odd years. Like the Grateful Dead and Phish, so-called jam bands with which it’s often lumped together, Dave Matthews has a deliriously passionate fan base that follows the band from city to city, reuniting with fellow disciples at preshow tailgates, showing off devotional tattoos, trading live recordings. In the early ’90s, when I arrived for my first year at the University of Virginia, Dave Matthews was a local celebrity. It would be years before the stereotype of Dave Matthews fans as “pot-smoking, tie-dye-touting former frat bros fawning over craft beers in parking lots between cornhole games,” as Perri Ormont Blumberg puts it, would become a widely understood social designation. We spent the next four years not going to Dave Matthews Band shows together.

Persons: Dave Matthews, preshow, ”, Perri Ormont Blumberg, ” Ben Sisario Organizations: University of Virginia, The Times Locations: Virginia

☆ I'm a 21-year old student living in Scotland. I have no student debt, and my $900 monthly budget pays for my fitness club, nights out, and frequent travel.
▼ + stars: | 2023-07-26 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Joshua is a 21-year-old from Berlin who lives in Glasgow, Scotland to attend school. We asked Joshua, a 21-year-old Berlin resident who attends the University of Glasgow, about his biggest spending categories and cost differences between Europe and America. Occupation: Student and university employeeMonthly income: £700 (about $900), plus a £200 (about $250) stipend from his parentsStudent debt: $0. Now I live in Glasgow, Scotland for school. What's the biggest cost difference you've noticed between Germany, Scotland, and the US?

Persons: Joshua, Gen Zers, I'm, we're, we'll, I've, she's Organizations: Service, University of Glasgow, Occupation, Student, University of Glasgow ., Student Enterprise, Tesco, Asda, European Union Locations: Berlin, Glasgow, Scotland, Wall, Silicon, Europe, America, Germany, Sainsbury's

☆ Her Social Club Isn’t Going Anywhere. Toñita Has No Plans to Quit.
▼ + stars: | 2023-07-24 | by ( Christina Morales | More About Christina Morales | ) www.nytimes.com time to read: +1 min

Here, the customers drink $3 beers and play dominoes, or sit around and chat over free plates of food like arroz con gandules. The walls are crowded with Puerto Rican flags and portraits of the bar’s owner and matriarchal figure, Maria Antonia Cay, who is more commonly known as Toñita. She opened the place in the 1970s as the Caribbean Social Club, a members-only hangout for the neighborhood baseball team. In 2000, she obtained a liquor license and opened the spot to everyone for cheap drinks and pots of Puerto Rican dishes that she makes in her apartment kitchen upstairs. “It reminds me of home,” said Djali Brown-Cepeda, an archivist and filmmaker who runs the Nuevayorkinos Instagram account.

Persons: Maria Antonia Cay, ”, Djali Brown, Cepeda Organizations: Puerto, Caribbean Social Locations: Williamsburg , Brooklyn, Toñita’s, Puerto Rican, New York City

☆ How a Mexican Lager Quietly Rose to Become America’s Best-Selling Beer
▼ + stars: | 2023-07-23 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

More beers in America are being paired with lime than ever before. The story of how Modelo Especial, a Mexican lager, surpassed Bud Light as the top-selling beer in America predates the conservative backlash that Bud Light faced in April over a collaboration with a transgender influencer. Rather, the factors that, for the better part of a decade, put Modelo on its triumphant track include an increasing preference among American consumers for imported, more expensive beer; a decade-old antitrust deal; and effective marketing campaigns aimed at attracting young, non-Hispanic consumers to the Mexican beer. “Most people in the beer industry have assumed Modelo was going to overtake Bud Light at some point,” said Bart Watson, chief economist for the Brewers Association, a trade group representing over 6,000 American breweries. “It was a question of when, not if.”The switch occurred at the start of June, after Bud Light had held the No.

Persons: Bud Light, ”, Bart Watson, Modelo, Bud Light’s, Bump Williams Organizations: Modelo Especial, Modelo, Brewers Association, Nielsen Locations: America, Mexican, United States

☆ Vingegaard poised for Tour de France title as Pogacar wins stage
▼ + stars: | 2023-07-22 | by ( Julien Pretot | ) www.reuters.com time to read: +2 min

LE MARKSTEIN, France, July 22 (Reuters) - Defending champion Jonas Vingegaard of Denmark was set to win his second Tour de France title after keeping a close tab on his main rival and 20th stage winner Tadej Pogacar in the final mountain ride of the race on Saturday. Overall, Jumbo-Visma rider Vingegaard leads Pogacar by seven minutes and 29 seconds with his United Arab Emirates team mate, Briton Adam Yates, in third position, 10:56 off the pace. Pogacar attacked on the last climb of the day, the Col du Platzerwazel (7.1km at 8.4%), and was followed by Vingegaard and Gall. Enormously popular local boy Pinot, riding his last Tour on his training roads with thousands of fans gathered with flags, beers and flares to support him one last time. Pinot went solo on the ascent to the Petit Ballon, riding as stage leader through a sea of roaring fans like a man possessed.

Persons: MARKSTEIN, Jonas Vingegaard, Tadej Pogacar, Pogacar, Austrian Felix Gall, Vingegaard, Briton Adam Yates, Giulio Ciccone, Belgian Jasper Philipsen, du Platzerwazel, Gall, Thibaut, Warren Barguil, Tom Pidcock, Yates, Simon, Adam, Pinot, Petit Ballon, Julien Pretot, Andrew Cawthorne, Hugh Lawson Organizations: de France, United Arab Emirates, Lombardia, Thomson Locations: France, Denmark, Belfort, Austrian, Belgian, Paris

☆ I traveled 96 hours from Boston to Napa using the Amtrak USA Rail Pass. I wanted an adventure, but I regretted my choice a few times.
▼ + stars: | 2023-07-21 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +5 min

Cali O'Connor bought an Amtrak USA Rail Pass to get from Boston to Napa two summers ago. I took a 96-hour train ride from Boston, Massachusetts, to Napa, California. I started my journey in Boston, then stopped in Milwaukee, Wisconsin; Whitefish, Montana; and Seattle, Washington, before getting to my destination of Napa. The first leg of the trip was from Boston to Milwaukee, which took about 27 hours. It took another 30 hours to get from Milwaukee to Whitefish, then 14 hours from Whitefish to Seattle.

Persons: Cali O'Connor, I've, I'm, I'd, Joe's Organizations: Amtrak, San Francisco International Locations: Amtrak USA, Boston, Napa, Boston , Massachusetts, Napa , California, United States, Napa Valley, Milwaukee , Wisconsin, Whitefish , Montana, Seattle , Washington, California, Milwaukee, Whitefish, Seattle, Mexico, TikTok

☆ Here’s how Bud Light became the latest corporate bogeyman for Ron DeSantis
▼ + stars: | 2023-07-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

Partnering with a young, popular trans woman could help a brand like Bud Light reach a more youthful demographic. But because Bud Light managed to alienate everyone, it hasn’t gotten the benefit of a buycott. In the week ending on July 8, Bud Light sales, by dollar, fell nearly 24% year-over-year, according to data provided by Williams. Others are more breezy, showing people enjoying Bud Light despite the inconveniences of summer (sunburn, thunderstorm). Bud Light is “coming back,” said Marcel Marcondes, AB InBev’s chief marketing officer, during the Cannes Lions International Festival of Creativity in June.

Persons: Ron DeSantis, Bud Light, influencer Dylan Mulvaney, Bud, BUD, “, Mulvaney, Lamar Taylor, “ prudently, DeSantis, Taylor, Scott Olson, Bud Light’s, Dylan Mulvaney, Anheuser Bush, — Anheuser, Brendan Whitworth, ”, LIV, Rob Carr, buycotts, hasn’t, Bump Williams, Williams, Busch, Whitworth, ” Whitworth, Marcel Marcondes, ” Daniel Korschun, ” Korschun, Erin Reed, Elon Musk, he’s Organizations: New, New York CNN, Florida Gov, Republican, Bud Light, Anheuser, Busch InBev, State Board of Administration, AB InBev, CNN, Busch, “ Anheuser, Gallup, — Anheuser Busch’s, America, Trump National Golf Club, Modelo Especial, InBev’s, Cannes Lions International, Creativity, Drexel University, InBev, Republicans, Target, Twitter, Tesla, Disney Locations: New York, Florida, Sterling , Virginia, Central Florida

☆ US soldier in North Korea not the first to flee to the secretive state
▼ + stars: | 2023-07-19 | by ( Ed Davies | ) www.reuters.com time to read: +3 min

A U.S. military spokesman later said an investigation indicated that White crossed into North Korea of his own free will. In a video released by the North, White denounced the United States and praised North Korea and its then leader Kim Il-Sung. - Charles Robert Jenkins walked into North Korea when on patrol on the DMZ in 1965. He later expressed regret for fleeing and explained at his court marital that his motive was to avoid hazardous duty in South Korea and combat in Vietnam. - James Joseph Dresnok was a 21-year old U.S. army private stationed in South Korea in 1962 when he fled to the North.

Persons: Travis T, King, Joseph T, White, Kim Il, Charles Robert Jenkins, Jenkins, Hitomi Soga, Soga, James Joseph Dresnok, Dresnok, Jerry Wayne Parrish, Larry Allen Abshier, Kim Jong, Dresnok's, Ed Davies, Lincoln Organizations: U.S, North, Korea Times, United Nations Command, Washington Post, Thomson Locations: North Korea, South Korea, U.S, Pyongyang, United States, Vietnam, Japan, Korean, Sydney

☆ Bud Light lost its crown as America's 'King of Beers' — but it was going to happen even without the conservative boycott
▼ + stars: | 2023-07-17 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Modelo passed Bud Light, which has been the subject of a boycott by conservatives. It recently took the crown from Bud Light, which saw its market share drop to 7%. "Modelo and Michelob Ultra (another Anheuser-Busch brand) both were on track to eventually overtake Bud Light," Maloney wrote, citing long-term market share data. "Everybody kinda figured Bud Light was getting hit by that boycott, so it fell out of No. But Neil Reid, a professor at the University of Toledo who studies the beer industry, told Reuters that the Bud Light boycott is lingering longer than expected.

Persons: Bud Light, El Rey, Bump Williams, influencer Dylan Mulvaney, Jennifer Maloney, Bud Light's, Maloney, Jack Hough, Light, Hough, Corona, Neil Reid Organizations: Modelo, Service, Anheuser, Street Journal, Busch, Fox, Northwestern University, University of Toledo, Reuters, Bud Light Locations: Wall, Silicon, El, Modelo

☆ Anchor Brewing, the Oldest Craft Brewer in the U.S., Will Close After 127 Years
▼ + stars: | 2023-07-13 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

But recent economic pressures proved too much for the oldest craft brewer in the country: After 127 years, Anchor Brewing Company is shutting down. Anchor added that although it had stopped brewing, it would continue packing and distributing beer while available. In 2021, Anchor Brewing tried to adapt, rebranding and bottling and canning more of its beers to sell in grocery stores. But those changes “couldn’t make up for the significant loss of sales,” he added. In a last-ditch attempt to stay afloat, Anchor limited sales of its beer to California, and stopped producing one of its products, a Christmas ale.

Persons: ” Sam Singer Organizations: Anchor Brewing Company, ” Employees, Anchor Brewing Locations: Sapporo, California

☆ Fact Check-Claim Garth Brooks cancelled Las Vegas shows stems from satirical site
▼ + stars: | 2023-07-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The claim that American country music singer Garth Brooks cancelled his remaining shows in Las Vegas, Nevada is fabricated and stems from a satirical website. Users online shared an article published by satirical website The Dunning-Kruger Times, with a headline that reads: “Garth Brooks Cancels His Remaining Vegas Shows: ‘People Stopped Coming’” (archive.is/wip/T0aJq). No such cancellation notice is viewable via Brook’s website or social media channels (www.garthbrooks.com/), (twitter.com/garthbrooks). Reuters has previously addressed satirical stories published by the website that were taken seriously online, with examples pertaining to Brooks viewable (here) and (here). The claim stems from satirical website, The Dunning-Kruger Times.

Persons: Garth Brooks, Dunning, “ Garth Brooks, “ Guess, Brooks, Bud Light, influencer, Dylan Mulvaney, tomfoolery ”, dunning, kruger, Read Organizations: Kruger Times, Country, Defense, Reuters Locations: Las Vegas , Nevada, Las Vegas

☆ At This Brewery, Blessings Are as Important as Barley and Hops
▼ + stars: | 2023-07-11 | by ( Stephen Castle | More About Stephen Castle | ) www.nytimes.com time to read: +1 min

The conveyor belt was ready, the empty bottles were stacked and the machinery was about to splutter into life. But one more step was needed before any beer bottling could get underway. That last step required a monk. Within a minute or two, Father Joseph Delargy appeared, dressed in the white robes of the Cistercian order, to bless the proceedings in the name of the Father, Son and Holy Spirit. And bottles of Britain’s only Trappist beer were soon rattling swiftly along the small production line.

Persons: Father Joseph Delargy, Mount Saint Bernard Abbey — Organizations: Roman Catholic, Mount Saint Locations: Britain, Coalville, England

☆ A mortgage broker spent 3 months turning an abandoned shed in his backyard into a cozy traditional pub. See how he did it.
▼ + stars: | 2023-07-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

Davey Pearson, a mortgage broker, turned an old, empty shed in his backyard into a cozy pub. Davey Pearson"The most expensive part of it was getting the electrician in to run power to the building," Pearson said. Have you got any old pub stuff you don't need anymore?'" So when they come and visit, obviously we make a big deal about spending the time here in the pub," Pearson said. Davey Pearson inside his backyard pub with his father.

Persons: Davey Pearson, Pearson, I've, Pearson doesn't, haven't, it's, We've, we've Organizations: Service Locations: Wall, Silicon, Sussex, England, Lincolnshire, plasterboard

☆ Nathan's hot dog eating contest crowns Joey Chestnut men's champion and Miki Sudo women's champion
▼ + stars: | 2023-07-04 | by ( Eric Levenson | ) edition.cnn.com time to read: +4 min

It’s the 4th of July, I got to eat some hot dogs and get a win.”“I feel great,” he added. People take shelter from the rain Tuesday at the Nathan's hot dog eating contest. A spectacle of gluttonyMayoi Ebihara and Miki Sudo compete in the Nathan's hot dog eating contest on Tuesday. Amr Alfiky/ReutersChestnut was the heavy favorite on the men’s side and has now won 16 of the last 17 Independence Day contests, including 63 hot dogs last year. Sudo won last year’s title with 40 hot dogs and holds the women’s world record for eating 48.5 hot dogs in 10 minutes.

Persons: Joey Chestnut, Miki Sudo, Chestnut, ” Chestnut, I’m, ”, “ I’ve, I’ll, ” Geoffrey Esper, Australia’s James Webb, Amr Alfiky, Ebihara, “, “ It’s, Mayoi Ebihara, Michelle Lesco, Sudo, Nathan’s Organizations: CNN, National Weather Service, FDNY, Lutheran Medical Center, Nathan’s, Professional League, WABC Locations: Coney Island , New York, Coney, Brooklyn, Coney Island, Sudo, Surf, New York City

☆ Diamond Giant De Beers to Let Botswana Keep Half of Production
▼ + stars: | 2023-07-03 | by ( Alexandra Wexler | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/diamond-giant-de-beers-to-let-botswana-keep-half-of-production-110d3570

Persons: Dow Jones Locations: botswana

☆ Why Do Mosquitoes Like Me So Much?
▼ + stars: | 2023-07-03 | by ( Dani Blum | ) www.nytimes.com time to read: +2 min

Mosquitoes seek out carbon dioxide (which in part is why they’re so good at finding us), and the more we exhale, the more carbon dioxide we send into the air, inviting bugs our way. If you were to do a vigorous workout outside, you might breathe more heavily and exhale more carbon dioxide, which might usher in mosquitoes, Dr. Potter said. Sweat sends a powerful signal to mosquitoes too, Dr. McBride added — particularly sweat that’s lingered for a few hours, mixing with bacteria on our skin. And if you’ve had a few beach-side beers or happy hour margaritas, you might also emit some alcohol in your sweat, Dr. Bazzoli said, which can lure mosquitoes in. Some fragrant personal care products such as certain perfumes and scented soaps and lotions (including sunscreens) can attract mosquitoes, Dr. Bazzoli said, so if you’ll be spending time outdoors when mosquitoes are around, try to use products that are fragrance-free, and consider skipping the perfume completely.

Persons: Christopher Bazzoli, haven’t, Bazzoli, —, Potter, Sweat, McBride, you’ve Organizations: Cleveland Clinic, Research

☆ People are buying macro beers because of an emotional connection, says comedian Zane Lamprey
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople are buying macro beers because of an emotional connection, says comedian Zane LampreyComedian Zane Lamprey joins 'Squawk Box' to discuss Fourth of July beverage trends, consumer connection to brands, the state of comedy, and more.

Persons: Zane

☆ Analysts are adjusting their price targets for Constellation — here's why we're on board
▼ + stars: | 2023-07-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Wall Street praised Constellation Brands (STZ) in a series of price target hikes to start the new week and quarter. We boosted our Club price target on Constellation on Friday to $270 per share from $260. BMO Capital increased price target to $290 from $263 Wells Fargo increased price target to $280 from $275 Bernstein increased price target to $287 from $280 JPMorgan raised price target to $276 from $273 Goldman Sachs raised price target to $275 from $264 Wedbush increased price target to $275 to $270 TD Cowen increased price target to $240 from $220 Truist raised price target to $240 from $220 The common theme, as we also pointed out, is the company's unrelenting beer momentum as the main factor that should drive the company's future growth. Constellation delivered resilient beer depletions, also known as the number of cases that are sold to retailers by a distributor. We were glad to see Wall Street analysts follow our price target increase.

Persons: That's, Bernstein, Goldman Sachs, Cowen, Bud Light, Bud, Jim Cramer's, Jim Cramer, Jim Organizations: Constellation Brands, Corona, Modelo, Constellation, BMO Capital, Wells, JPMorgan, Modelo Especial, Pacifico, Management, Wall, CNBC, Getty Locations: Pacifico, Corona, America, California, U.S

☆ Post-Ashes beers off as England coach McCullum incensed by Bairstow stumping
▼ + stars: | 2023-07-02 | by ( Hugh Lawson | ) www.reuters.com time to read: +4 min

The dismissal triggered long and loud booing from the Lord's crowd and saw Australian players verbally abused by MCC members in the stadium's usually staid Long Room. With England eventually losing by 43 runs to trail 2-0 in the five-test series, McCullum made it clear the stumping had strained relations. 'NO SNEAKINESS'Disgruntled MCC members verbally abused Australia players as they walked through the pavilion at the lunch interval, prompting opener Usman Khawaja to remonstrate with several of them. You see Jonny (Bairstow) do it all the time, he did it on day one to David Warner, he did it in 2019 to Steve (Smith)," Cummins told reporters. England captain Ben Stokes was keen to move on from the incident but added he would not want to win in such a fashion at the end of an over.

Persons: Alex Carey, Jonny Bairstow, Matthew Childs LONDON, Brendon McCullum, Jonny, Alex Carey underarmed, Bairstow, McCullum, you've, might've, Muttiah Muralitharan, Sri Lankan, Kumar Sangakkara, Paul Collingwood, Daniel Vettori, Usman Khawaja, Khawaja, Pat Cummins, David Warner, Steve, Smith, Cummins, Carey, Ben Stokes, Hugh Lawson, Ian Ransom, Toby Davis, Peter Rutherford Organizations: England, Australia, MCC, BBC, New Zealand, Collingwood, Thomson Locations: Australia, London, Britain, Christchurch, Sri, New, England, Melbourne

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