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Fly News Breaks for June 10, 2019
TAP
Jun 10, 2019 | 07:57 EDT
Credit Suisse analyst Kaumil Gajrawala started coverage of Molson Coors with an Underperform rating and $50 price target. Due to the $12B consolidation of the U.S. business in 2016, short, medium and long-term shareholder value creation will be determined by the success or failure of the U.S. operation, he contends. This business comprises 75% of EBIT and the analyst is skeptical it will improve.
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