Wells Fargo Maintains Underweight on Molson Coors Beverage, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey maintains an Underweight rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $64 to $65.
October 04, 2023 | 11:02 am
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Wells Fargo maintains an Underweight rating on Molson Coors Beverage and raises the price target from $64 to $65.
The news directly pertains to Molson Coors Beverage (TAP) as Wells Fargo maintains an Underweight rating on the company. This suggests that the analyst believes the stock may underperform the market or its sector in the near term. However, the price target has been slightly raised from $64 to $65, indicating a slightly more positive outlook than before. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100