Molson Coors price target lowered to $45 from $48 at Jefferies

Jefferies lowered the firm’s price target on Molson Coors (TAP) to $45 from $48 and keeps a Hold rating on the shares. Tough finish to a challenging year, with a Q4 organic sales shortfall though EPS beat expectations on lighter opex, the firm notes. That said, 2026 will be another tough year with a big reset, argues Jefferies. The firm believes flat net sales might be a win, but better portfolio execution is required to offset category challenges.