Molson Coors price target lowered to $48 from $51 at Jefferies

Jefferies analyst Kaumil Gajrawala lowered the firm’s price target on Molson Coors (TAP) to $48 from $51 and keeps a Hold rating on the shares after a “weak” Q3 report. The near-term outlook remains challenging with category weakness and share losses likely to continue, says the analyst, who notes that updated FY25 guidance was lowered, but fell within expectations.