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.
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 $59 from $63 at UBS
- Cautious Hold Rating on Molson Coors Amid Declining Sales and Uncertain Outlook
- Cautious Optimism for Molson Coors: Buy Rating Despite Q1 Challenges
- Molson Coors Reports Decline in Q1 2025 Earnings
- Molson Coors Faces Economic Challenges Amid Brand Growth