B of A Securities Maintains Neutral on Molson Coors Beverage, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Bryan Spillane has maintained a Neutral rating on Molson Coors Beverage (NYSE:TAP) and lowered the price target from $72 to $62.
May 01, 2024 | 5:12 pm
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NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Molson Coors Beverage and lowered the price target from $72 to $62.
The reduction in price target by B of A Securities suggests a bearish outlook on the stock's short-term price potential, likely due to anticipated challenges or underperformance relative to the market. This adjustment could lead to a negative investor sentiment towards TAP in the short term, potentially causing a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100