On Nov 08, major Wall Street analysts update their ratings for $Molson Coors Beverage (TAP.US)$, with price targets ranging from $57 to $75.
Morgan Stanley analyst Eric Serotta maintains with a hold rating, and maintains the target price at $60.
BofA Securities analyst Bryan Spillane maintains with a hold rating, and adjusts the target price from $54 to $57.
Wells Fargo analyst Christopher Carey upgrades to a buy rating, and adjusts the target price from $52 to $74.
Roth MKM analyst William Kirk maintains with a buy rating, and adjusts the target price from $77 to $75.
CFRA analyst Garrett Nelson downgrades to a hold rating, and adjusts the target price from $75 to $57.
Furthermore, according to the comprehensive report, the opinions of $Molson Coors Beverage (TAP.US)$'s main analysts recently are as follows:
The previous cautious perspective has shifted towards a more optimistic outlook, highlighting a strategy where exceptional cash returns are anticipated to bolster EPS expansion without significant reliance on EBIT growth. This approach is considered particularly effective given the current low valuation of the company alongside potential catalysts. While consumer staples may face challenges with stabilizing growth and valuation pressures in the future, the company's potential for cash return at a low valuation is deemed distinctive.
Here are the latest investment ratings and price targets for $Molson Coors Beverage (TAP.US)$ from 5 analysts:
Note:
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