Barclays lowered the firm’s price target on Molson Coors (TAP) to $53 from $57 and keeps an Equal Weight rating on the shares. The firm adjusted price targets in the staples group as a part of a Q2 preview. Investor expectations “feel subdued” into earnings season, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 $51 from $56 at Citi
- Video: Why Constellation And Other Spirts Makers Are Sinking Today
- Constellation falls after Trump threatens 30% tariffs on Mexico
- Roth MKM beverages analyst holds an analyst/industry conference call
- Molson Coors price target lowered to $55 from $65 at Bernstein