Barclays Maintains Equal-Weight on Molson Coors Beverage, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman maintains an Equal-Weight rating on Molson Coors Beverage (NYSE:TAP) and lowers the price target from $67 to $62.

May 02, 2024 | 5:59 pm
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Barclays maintains an Equal-Weight rating on Molson Coors Beverage and lowers the price target from $67 to $62.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in TAP's stock price. The Equal-Weight rating suggests that the analyst views the stock as fairly valued at its current price, but the lowered target indicates a reassessment of the stock's future growth prospects or valuation, which could influence investor perception and stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100