Molson Coors Beverage (TAP) has been under varied scrutiny from numerous investors and analysts.
UBS Group notably cut the beverage giant's price target to $64.00, while the likes of Evercore ISI setting a new one at $68.00, and
Citigroup and
Bank of America lowering theirs to $53.00 and $62.00 respectively. Despite these, TAP remains a top choice among institutional investors with ownership spiking at around
78-82%. This stock has also seen mixed market performances, both outperforming and underperforming on varied occasions.
Molson Coors has also been transparent with its financial and operational developments, sharing regular reports such as 2024 first quarter results, 2023 fourth quarter and full year results, and more. Focus appears to be on the
Growth Acceleration Plan indicating long-term financial outlook and strategic implementations. Updates on
dividends, securities acquisition by
Daiwa Securities Group Inc., and a joint venture with
Yuengling to expand beer footprint all demonstrate forward-thinking operations.
However, stock ratings have been mixed, with
Goldman Sachs Group upgrading to a buy recommendation, while an average 'Hold' rating circulates among brokerages. Overall, while the company may be facing challenges, it appears to be strategically positioned for resilience and long-term growth.
Molson Coors Beverage Company Class B TAP News Analytics from Tue, 15 Sep 2020 07:00:00 GMT to Tue, 07 May 2024 11:20:45 GMT -
Rating 0
- Innovation -5
- Information 7
- Rumor -2
