TD Cowen Downgrades Molson Coors Beverage to Hold, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Vivien Azer has downgraded Molson Coors Beverage (NYSE:TAP) from Buy to Hold and lowered the price target from $68 to $58.
August 07, 2024 | 9:01 pm
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TD Cowen analyst Vivien Azer downgraded Molson Coors Beverage from Buy to Hold and reduced the price target from $68 to $58.
The downgrade from Buy to Hold and the reduction in the price target from $68 to $58 by TD Cowen is likely to negatively impact the stock price of Molson Coors Beverage in the short term. This signals a less optimistic outlook from the analyst.
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