Citigroup Maintains Sell on Molson Coors Beverage, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni maintains a Sell rating on Molson Coors Beverage (NYSE:TAP) and lowers the price target from $56 to $53.
May 01, 2024 | 6:30 pm
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NEGATIVE IMPACT
Citigroup maintains a Sell rating on Molson Coors Beverage and lowers the price target from $56 to $53.
The reduction in price target by Citigroup, accompanied by a maintained Sell rating, suggests a negative outlook on Molson Coors Beverage's stock price in the short term. This adjustment reflects the analyst's view on the company's future performance, potentially influencing investor sentiment and stock price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100