In a recent array of reports, Molson Coors Beverage Company (TAP) announced a series of significant industry moves and demonstrating robust institutional ownership. Recently, Molson unveiled plans to propel growth and outlined its long-term financial prospects during the 2023 Strategy Day. Despite a dividend announcement, the stock has been downgraded to 'Underweight' by Barclays and encountered a price target cut by analysts from Wells Fargo and Piper Sandler. Similarly, Jefferies Financial Group lowered its price target for TAP. Despite challenges, notable companies including Bessemer Group, Janus Henderson Group, Avantax, and Mitsubishi UFJ Trust demonstrated firm confidence by expanding their shares in the Coors brand. The latest market news reports fluctuations and a leadership transition in Canada, notably hinting at a possible revitalization plan and discussions about geographic expansion of the brand's beer unit. It's evident that while the stock faces some volatility, the market's big guns still show a high level of interest.
Molson Coors Beverage Company Class B TAP News Analytics from Sat, 07 Jul 2018 07:00:00 GMT to Sun, 04 Aug 2024 10:44:36 GMT -
Rating -2
- Innovation 0
- Information 6
- Rumor -4
