Molson Coors price target raised to $52 from $48 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Molson Coors (TAP) to $52 from $48 and keeps an Equal Weight rating on the shares. Following FY26 EPS guidance that came in 14% below consensus at the mid-point and new CEO Rahul Goyal unveiling the “Horizon 2030” strategy, the firm says the strategy “makes sense on paper,” but adds that the mid-term algorithm “looks aggressive in light of structural beer category trends” and substantial cost headwinds in FY26.