Molson Coors Beverage shares are trading lower after Citigroup downgraded the stock from Neutral to Sell.
Portfolio Pulse from Benzinga Newsdesk
Molson Coors Beverage Co. (TAP) shares have declined following a downgrade by Citigroup from Neutral to Sell, indicating a bearish outlook on the stock.
April 24, 2024 | 1:58 pm
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Molson Coors Beverage Co. shares are trading lower due to a downgrade by Citigroup from Neutral to Sell.
The downgrade by Citigroup is a direct negative signal to investors, suggesting a bearish outlook on TAP's financial health or market position. Such analyst actions typically lead to a short-term decline in stock price as market sentiment adjusts to the new rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100