Goldman Sachs Upgrades Molson Coors Beverage to Buy, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bonnie Herzog upgraded Molson Coors Beverage (TAP) from Neutral to Buy and increased the price target from $66 to $75.
April 09, 2024 | 9:52 am
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POSITIVE IMPACT
Goldman Sachs upgraded Molson Coors Beverage from Neutral to Buy and raised the price target to $75.
An upgrade from a major financial institution like Goldman Sachs typically leads to positive investor sentiment and can drive the stock price up in the short term. The increase in the price target to $75 suggests a bullish outlook on the company's future performance, further encouraging buying activity.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100