The All-America Research Team: Hedge Fund Edition

The annual hedge fund cut of Institutional Investor’s All-America Research Team shows that when it comes to sell-side analysts, hedge funds prefer those who aren’t afraid to go out into the field.

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In early January, with shares of Constellation Brands up some 41 percent over the trailing 12 months and far in front of the S&P 500’s 12 percent advance, many Wall Street analysts believed the stock to be fully valued and urged clients to take profits.

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