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Molson Coors price target lowered to $47 from $48 at TD Cowen

TD Cowen lowered the firm’s price target on Molson Coors (TAP) to $47 from $48 and keeps a Hold rating on the shares. The firm lowered its Molson Coors FY26 to better reflect their view that the beer category will remain subdued for both cyclical and structural reasons and that the company’s market share will continue to slip lower.

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