Liquor and beer giant Constellation Brands announced Monday it will buy California craft brewery Ballast Point Brewing & Spirits for $1 billion. According to the Wall Street Journal, the sum is a ...

As I noted last quarter, the stars are aligning for Constellation Brands based on its nexus to the craft beer movement, and as the latest results show, that trajectory is only going higher.

Concentrate its portfolio on fast-growing segments like premium wine and spirits, craft ... expect it to outperform. Wall Street analysts continue to underestimate Constellation as it has topped ...