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Morgan Stanley upgrades Chipotle, sees 20 percent surge

Morgan Stanley upgraded Chipotle to overweight from in line, saying the company’s turnaround is working. “CMG is still early into a sales turnaround and has an attractive management change narrative and earnings recovery story,” analyst John Glass said in a note Wednesday. “While still early days in the brand’s long-awaited …

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Corona-maker Constellation ups bet on cannabis with $4 billion investment in Canopy Growth

Constellation Brands is upping its bet on the cannabis industry, announcing an additional $4 billion stake in Canopy Growth on Wednesday. The maker of Corona and Modelo took a 9.9 percent stake in the Canadian cannabis company in Oct. 2017, which included the option for future investments, giving Constellation a …

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Emerging markets, US dollar, Turkey-EU relations impacted

Against that backdrop, emerging markets — which Turkey is part of — have become the biggest casualty in the recent market rout. The iShares MSCI Emerging Markets exchange-traded fund, a passive investment product that tracks the index, has fallen by more than 1 percent this week even though Turkey makes …

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