Barclays Downgrades Molson Coors Beverage to Underweight, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has downgraded Molson Coors Beverage (NYSE:TAP) from Equal-Weight to Underweight and lowered the price target from $55 to $47.
July 18, 2024 | 12:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays analyst Lauren Lieberman downgraded Molson Coors Beverage from Equal-Weight to Underweight and reduced the price target from $55 to $47.
The downgrade from Equal-Weight to Underweight and the reduction in price target from $55 to $47 by Barclays is likely to negatively impact Molson Coors Beverage's stock price in the short term. Such downgrades typically signal a lack of confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100