Molson Coors, the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Robert Moskow from TD Cowen maintained a Hold rating on the stock and has a $48.00 price target.
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Robert Moskow has given his Hold rating due to a combination of factors impacting Molson Coors. The company reported better-than-expected earnings per share, but this was attributed to shipping above depletion levels, which is not sustainable in the long term. Management has revised sales guidance downward due to ongoing challenges in the beer category and market share losses, which are expected to persist.
Additionally, Molson Coors faces increased costs from aluminum tariffs, impacting their profit margins. The competitive landscape is intensifying, with key competitors like ABI and Constellation Brands increasing their market investments. These challenges, combined with a forecasted decline in organic growth and earnings, have led to a Hold rating, reflecting a cautious outlook on the stock’s potential for significant appreciation.
In another report released today, Deutsche Bank also maintained a Hold rating on the stock with a $52.00 price target.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock.