UBS Maintains Neutral on Molson Coors Beverage, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Peter Grom maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and lowers the price target from $70 to $64.

May 01, 2024 | 5:35 pm
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UBS maintains a Neutral rating on Molson Coors Beverage and lowers the price target from $70 to $64.
The reduction in price target by UBS suggests a bearish outlook on the stock's short-term price movement, potentially due to anticipated underperformance or market conditions. As the rating remains Neutral, the expectation is not drastically negative, but the lowered target indicates a revised expectation of the stock's value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100