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Fly News Breaks for August 1, 2019
TAP
Aug 1, 2019 | 07:57 EDT
BMO Capital analyst Amit Sharma lowered his price target on Molson Coors to $65 after the company posted "another quarter of weaker performance" with a "less sanguine" outlook for the back half of 2019. The analyst warns that Molson Coor's increased MG&A costs and "minimal" inventory benefit will weigh on its ability to achieve 2019 free cash flow guidance.
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