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Molson Coors price target lowered to $55 from $60 at TD Cowen

TD Cowen analyst Robert Moskow lowered the firm’s price target on Molson Coors (TAP) to $55 from $60 and keeps a Hold rating on the shares following quarterly results. The firm says that the miss came from weaker than expected consumption year-to-date that management attributes to inclement weather and macro uncertainty. The 2025 outlook is now for sales -low-single-digits and EPS +low-single-digits, but TD Cowen wonders if this is conservative enough.

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