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Wine company hits a 4-year-plus high

  April 04, 2012

It was a day for investors to offer a toast: Constellation Brands Inc.’s stock rose 2.3 percent to reach its highest price since December 2007. The Victor, N.Y., company, which is the world’s largest wine company, was raised to “buy’’ from “neutral’’ by Goldman Sachs Group. And on Monday, Auriga USA said the company will post higher profits on Thursday; Auriga expects profit margins to continue to improve.

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