Barclays lowered the firm’s price target on Molson Coors (TAP) to $47 from $49 and keeps an Underweight rating on the shares. The company reiterated its medium-term targets but issued a softer than expected 2026 guidance hat could be “setting too high a starting point,” the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TAP:
- Molson Coors price target lowered to $45 from $48 at Jefferies
- Molson Coors price target lowered to $50 from $55 at Evercore ISI
- Molson Coors price target lowered to $45 from $50 at Piper Sandler
- Molson Coors price target lowered to $58 from $65 at Roth Capital
- Closing Bell Movers: Carvana sinks 16%, DoorDash jumps 13% after results