UBS Maintains Neutral on Molson Coors Beverage, Raises Price Target to $70
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Peter Grom maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $67 to $70.

June 26, 2023 | 2:17 pm
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NEUTRAL IMPACT
UBS analyst Peter Grom maintains a Neutral rating on Molson Coors Beverage and raises the price target from $67 to $70.
The news of UBS maintaining a Neutral rating on Molson Coors Beverage and raising the price target from $67 to $70 indicates that the analyst sees potential for the stock price to increase, but not enough to change the overall rating. This may have a neutral impact on the stock price in the short term as investors may see the price target increase as a positive sign, but the Neutral rating suggests that there may not be significant upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100