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Fly News Breaks for May 17, 2018
TAP
May 17, 2018 | 06:46 EDT
As previously reported, Stifel analyst Mark Swartzberg downgraded Molson Coors to Hold from Buy, stating that he sees multiple expansion as unlikely because U.S. beer industry volume trends are getting worse, the company's U.S. share trends are not improving, and demographics favor continued pressure on per capita alcohol consumption. He lowered his price target on Molson Coors shares to $65 from $71.
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