Citigroup Downgrades Molson Coors Beverage to Sell, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni downgraded Molson Coors Beverage (TAP) from Neutral to Sell and reduced the price target from $66 to $56, indicating a bearish outlook on the stock.

April 24, 2024 | 1:52 pm
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Citigroup downgraded Molson Coors Beverage to Sell and lowered the price target to $56, suggesting a negative short-term outlook.
The downgrade by Citigroup, a major financial institution, to a Sell rating from Neutral, combined with a significant reduction in the price target, reflects a bearish view on Molson Coors Beverage's future stock performance. This is likely due to concerns over the company's financial health, market position, or potential challenges in the industry. Such a downgrade can influence market perception and investor sentiment, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100