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Fly News Breaks for September 7, 2018
TAP
Sep 7, 2018 | 06:00 EDT
Jefferies analyst Kevin Grundy started Molson Coors with an Underperform rating and $55 price target. The analyst sees " "protracted sales declines" through fiscal year 2022 given the company's "challenged mainstream brand portfolio" in a declining U.S. beer market. The analyst also expects "limited improvement" from Molson Coors' efforts to increase its margins.
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