Evercore ISI analyst Robert Ottenstein lowered the firm’s price target on Molson Coors (TAP) to $50 from $53 and keeps an Outperform rating on the shares following a “weak” Q3 report and the third guidance cut for FY25. While Molson Coors faces ongoing challenges and tough U.S. beer market conditions, strategic changes and cost-saving initiatives “offer some optimism for FY26,” the analyst tells investors.
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