Barclays Maintains Equal-Weight on Molson Coors Beverage, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Equal-Weight rating on Molson Coors Beverage (NYSE:TAP) but reduced the price target from $65 to $64.
January 16, 2024 | 5:41 pm
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NEUTRAL IMPACT
Barclays has maintained an Equal-Weight rating on Molson Coors Beverage and lowered the price target from $65 to $64.
The reduction in price target by Barclays is marginal, suggesting only a slight change in valuation assumptions. The Equal-Weight rating indicates that Barclays does not see significant upside or downside potential in the near term. Therefore, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100