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TAP

Molson Coors

$89.70

0.29 (0.32%)

09:00
09/13/17
09/13
09:00
09/13/17
09:00

Molson Coors initiated with a Sell in structural headwinds at Berenberg

As previously reported, Berenberg analyst Javier Gonzalez Lastra initiated Molson Coors with a Sell and a $78 price target due to mainstream beer segment exposure. The analyst believes Molson Coors is facing intensifying structural headwinds in its core US and Canada markets as millennial consumers drink less beer than previous generations, and when they do, increasingly favor craft, Baby Boomers continue to shift consumption to wine, and Generation Z is showing little interest in alcohol.

TAP Molson Coors
$89.70

0.29 (0.32%)

05/04/17
SOCG
05/04/17
DOWNGRADE
Target $98
SOCG
Hold
Molson Coors downgraded to Hold, 2017 a transition year, says Societe Generale
Soceite General analyst Andrew Holland downgraded Molson Coors to Hold from Buy and lowered its price target to $98 from $117 saying investments will impact margins. Molson's CEO said 2017 is a "transition" year as the company invests in several areas that should improve competitiveness, but will largely offset the cost savings from the Miller integration, the analyst believes. Holland cut Molson earnings estimates to reflect the increased spend and said concerns over US trade and Mexico and Ingredion's performance are concerning.
05/04/17
FBCO
05/04/17
NO CHANGE
Target $95
FBCO
Neutral
Molson Coors price target lowered to $95 from $106 at Credit Suisse
Credit Suisse analyst Credit Suisse lowered his price target for Molson Coors to $95 from $106 after Q1 results disappointed investors as sales were broadly in line but EBITDA declined nearly 4% due to an unexpected spike in MG&A costs that management said was attributed to "investing ahead of the curve." The analyst reiterates a Neutral rating on the shares.
05/04/17
05/04/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan with analyst Paul Coster citing valuation and less likelihood for upside surprises throughout the remainder of 2017 due to tough comparisons. The analyst lowered his price target for the shares to $50 from $55. 2. Square (SQ) downgraded to Neutral from Buy at Guggenheim with the firm citing valuation and maintained a $20 price target on shares. 3. Tractor Supply (TSCO) downgraded to Perform from Outperform at Oppenheimer with analyst Brian Nagel citing concerns about the company's "modest" earnings growth could drive multiple contraction. The analyst thinks a guidance cut is likely when Tractor reports second quarter results in July. 4. Molson Coors (TAP) downgraded to Hold from Buy at Societe Generale with analyst Andrew Holland saying investments will impact margins. 5. MEDNAX (MD) downgraded two notches to Underperform from Buy at BofA/Merrill with the firm's analyst citing concerns cost pressures and worsening top line trends. The analyst lowered its price target to $57 from $75. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/13/17
BREN
09/13/17
INITIATION
Target $78
BREN
Sell
Molson Coors initiated with a Sell at Berenberg
Berenberg analyst Javier Gonzalez Lastra initiated Molson Coors with a Sell and a $78 price target.

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