Molson Coors price target raised to $75 from $62 at Roth MKM

Roth MKM analyst Bill Kirk raised the firm’s price target on Molson Coors to $75 from $62 and keeps a Buy rating on the shares. The analyst cites the company’s Q1 earnings beat while noting that its volume performance, even adjusted for an extra selling day, was better than in the prior quarters. Molson Coors’ reaffirmed guidance also does not include the market share shifts away from Bud Light and toward Miller Lite and Coors Light, the firm tells investors in a research note.