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Molson Coors price target raised to $67 from $54 at UBS
The Fly

Molson Coors price target raised to $67 from $54 at UBS

UBS raised the firm’s price target on Molson Coors to $67 from $54 and keeps a Neutral rating on the shares following the Q1 results. Estimates are likely to move meaningfully higher despite the reaffirmed FY23 guidance, which seems increasingly conservative, particularly with potential upside attributable to the recent turmoil in the competitive environment, the analyst tells investors in a research note.

Published first on TheFly

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