Roth Capital lowered the firm’s price target on Molson Coors (TAP) to $65 from $67 and keeps a Buy rating on the shares. The company reported a Q3 miss on net sales and underlying EPS, but key metrics showed a slight acceleration from Q2, the analyst tells investors in a research note. Financial and Brand Volumes y/y were improved from Q2 on a consolidated basis and in the U.S, and despite the tough environment for Beer, another sequential volume improvement was a “pleasant surprise”, Roth added.
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