Barclays upgraded Molson Coors (TAP) to Equal Weight from Underweight with a price target of $62, up from $56. The firm sees “reason to be incrementally constructive” on Molson shares. The company’s earnings trajectory for 2025 “appears more secure” than appreciated and this “relative visibility has become increasingly compelling” in recent weeks, the analyst tells investors in a research note. As such, Barclays sees a more balanced risk/reward profile at current share levels.
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