Molson Coors Beverage shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $66 to $75.
Portfolio Pulse from Benzinga Newsdesk
Molson Coors Beverage Co. (TAP) shares are trading higher following an upgrade by Goldman Sachs from Neutral to Buy, with a raised price target from $66 to $75.
April 09, 2024 | 12:23 pm
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POSITIVE IMPACT
Molson Coors Beverage Co. (TAP) received an upgrade from Goldman Sachs from Neutral to Buy, and its price target was increased from $66 to $75.
The upgrade by Goldman Sachs to a Buy rating and the increase in price target to $75 are strong positive signals for Molson Coors Beverage Co. (TAP). Such endorsements from a reputable financial institution typically lead to increased investor confidence and can drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100