Deutsche Bank Upgrades Molson Coors Beverage to Hold, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Steve Powers has upgraded Molson Coors Beverage (NYSE:TAP) from Sell to Hold and raised the price target from $57 to $58.
November 03, 2023 | 12:02 pm
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Molson Coors Beverage has been upgraded from Sell to Hold by Deutsche Bank, with a raised price target of $58.
The upgrade from Sell to Hold indicates a more positive outlook on the company's stock by Deutsche Bank. The raised price target suggests that the bank expects the stock price to rise in the short term. This could potentially lead to increased investor interest and a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100