Molson Coors, the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Filippo Falorni from Citi maintained a Hold rating on the stock and has a $51.00 price target.
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Filippo Falorni’s rating is based on a combination of factors affecting Molson Coors. The company is facing challenges in the US beer market, with management forecasting a decline in beer category trends and market share losses. These trends are expected to continue, impacting the company’s topline and profit growth negatively.
Additionally, Molson Coors is dealing with increased costs due to a significant rise in Midwest premium prices, which will affect their profit margins in the latter half of FY25. Despite these challenges, the company is making efforts to regain market share through marketing initiatives and is seeing some positive momentum with certain brands. However, given the overall market conditions and cost pressures, Falorni maintains a Hold rating, reflecting a cautious outlook on the stock.
In another report released on August 9, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $55.00 price target.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TAP in relation to earlier this year.