Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Jess Menton, Carol Massar and Stacey Vanek Smith.
- Constellation Brands (STZ) shares gained on Thursday, even as analysts remain split following its mixed quarterly report earlier this week. While Freedom Broker raised the recommendation on the Modelo beer maker to buy from hold, HSBC downgraded the stock to hold from buy.
- Chipotle Mexican Grill (CMG) shares jumped after the Financial Times reported that Starbucks (SBUX) has worked with advisers on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, according to people familiar with the matter. Analysts expressed skepticism about a potential deal given the vast differences between the two businesses, but noted that access to Chipotle’s supply chain could provide some justification for the potential overture. Chipotle shares surged as much as 8.6% in New York trading on Thursday. The stock has fallen about 20% over the past year. Starbucks declined as much as 6.7%, the most intraday in more than a year, before paring its drop.
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