On Nov 09, major Wall Street analysts update their ratings for $Molson Coors Beverage (TAP.US)$, with price targets ranging from $57 to $74.
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.
Deutsche Bank analyst Stephen Powers maintains with a hold rating, and adjusts the target price from $56 to $61.
Wells Fargo analyst Christopher Carey upgrades to a buy rating, and adjusts the target price from $52 to $74.
Evercore analyst Robert Ottenstein maintains with a buy rating, and maintains the target price at $68.
Furthermore, according to the comprehensive report, the opinions of $Molson Coors Beverage (TAP.US)$'s main analysts recently are as follows:
The firm has revised its stance from a cautious view, expressing a desire to pursue a model where the allocation of unique cash returns bolsters EPS growth, requiring minimal EBIT growth, especially considering the historically low valuation alongside catalysts. While there may be challenges for staples with the normalization of growth and valuation pressures anticipated in 2025, the ability of Molson Coors to deliver cash returns at a low valuation is deemed distinct.
Here are the latest investment ratings and price targets for $Molson Coors Beverage (TAP.US)$ from 5 analysts:
Note:
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