Molson Coors price target lowered to $52 from $53 at Piper Sandler

Piper Sandler analyst Michael Lavery lowered the firm’s price target on Molson Coors (TAP) to $52 from $53 and keeps a Neutral rating on the shares. The firm notes the stock has pulled back even more than it had expected, but while valuation may not look demanding, Piper sees no clear near-term catalysts for improvement, apart from a stronger U.S. consumer, which remains elusive.