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Molson Coors Beverage Company

https://www.molsoncoors.com

Industry

Beverages - Alcoholic

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is based in Golden, Colorado.

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Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher after the company announced the acquisition of four craft breweries from Molson Coors Beverage Company (NYSE:TAP). This acquisition is expected to expand Tilray's portfolio and increase its beer business to 15 million cases annually.

Portfolio Pulse from Erica Kollmann

August 14, 2024 | 3:19 pm

Tilray Brands, Inc. (NASDAQ:TLRY) has announced a definitive agreement to acquire four craft breweries from Molson Coors Beverage Company (NYSE:TAP). This strategic acquisition is expected to strengthen Tilray's craft beer leadership in the U.S. and solidify its position as the #1 craft brewer in the Pacific Northwest and Georgia. The acquisition is projected to grow Tilray's beverage division's new beer accounts by 30%. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:16 pm

Tilray Brands is reportedly in talks to acquire certain labels from Molson Coors, according to Bloomberg. This potential acquisition could expand Tilray's portfolio and market presence.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:51 pm

Barclays analyst Lauren Lieberman maintains an Underweight rating on Molson Coors Beverage (NYSE:TAP) but raises the price target from $47 to $49.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:20 pm

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.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:01 pm

JP Morgan analyst Andrea Teixeira maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $54 to $57.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:41 pm

Deutsche Bank analyst Steve Powers maintains a Hold rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $56 to $57.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:22 pm

UBS analyst Peter Grom maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $55 to $58.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:58 pm

Wells Fargo analyst Chris Carey maintains an Underweight rating on Molson Coors Beverage (NYSE:TAP) but raises the price target from $50 to $54.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:50 pm

Piper Sandler analyst Michael Lavery maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $57 to $59.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:44 am

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