Molson Coors price target lowered to $62 from $69 at JPMorgan

JPMorgan lowered the firm’s price target on Molson Coors to $62 from $69 and keeps a Neutral rating on the shares ahead of the Q3 report on November 2. The company’s tracked channel performance in the U.S. remains strong and market share trends have now persisted for six months and are likely to remain mostly sticky as shelf resets begin to roll through, the analyst tells investors in a research note. The firm sees Molson as well positioned to reach the higher-end of its 2023 guidance.