UBS analyst Peter Grom lowered the firm’s price target on Molson Coors (TAP) to $47 from $49 and keeps a Neutral rating on the shares. Weaker top line growth drove a Q3 EPS miss, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TAP:
- Molson Coors price target lowered to $50 from $53 at Evercore ISI
- Molson Coors price target lowered to $65 from $67 at Roth Capital
- Molson Coors price target lowered to $49 from $51 at JPMorgan
- Molson Coors Faces Challenges Amidst Market Uncertainty and Portfolio Gaps: Hold Rating Issued
- Molson Coors price target lowered to $50 from $54 at Bernstein