Goldman Sachs Is Incrementally More Positive On Molson Coors & Constellation Brands: Here's Why
Portfolio Pulse from Shivani Kumaresan
Goldman Sachs analyst Bonnie Herzog has upgraded Molson Coors Beverage Co (TAP) to Buy with a price target of $75, citing expected share gains and a positive risk/reward outlook. Constellation Brands Inc (STZ) retains a Buy rating with a $290 price target, expected to benefit from strong beer volume trends and innovation. Boston Beer Company Inc (SAM) has been given a Sell rating with a lowered price target of $250, due to slowing momentum for Twisted Tea and inventory reductions.
April 09, 2024 | 6:17 pm
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NEGATIVE IMPACT
Boston Beer downgraded to Sell by Goldman Sachs with a price target of $250, facing slowing momentum for Twisted Tea and inventory reductions.
The downgrade reflects slowing momentum for Twisted Tea and negative distributor feedback, indicating potential short-term challenges.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Constellation Brands retains Buy rating from Goldman Sachs with a $290 price target, expected to see top & bottom line beat in Q4.
The positive outlook is based on robust beer volume trends and innovation, indicating potential short-term growth.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Molson Coors upgraded to Buy by Goldman Sachs with a price target of $75, expected to gain shelf space and outperform in Q1.
The upgrade is based on positive distributor feedback and expected share gains, suggesting a strong short-term performance.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90