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TAP

Molson Coors

$59.19

-6.18 (-9.45%)

07:45
02/13/19
02/13
07:45
02/13/19
07:45

Molson Coors price target lowered to $80 from $85 at BMO Capital

BMO Capital analyst Amit Sharma lowered his price target on Molson Coors to $80 after its "mixed" Q4 performance with lower than expected volumes and free cash cash flows. The analyst also keeps his Outperform rating and believes that investors who punished the stock by nearly 10% yesterday may be "missing an opportunity". Sharma cites Molson Coors benefiting from the potential encouraging improvement in US beer trends, return to market share gains, solid performance in Europe, and demonstrated ability to produce at least flat free cash flows even with depressed volumes.

TAP Molson Coors
$59.19

-6.18 (-9.45%)

12/13/18
UBSW
12/13/18
INITIATION
Target $80
UBSW
Buy
Molson Coors initiated with a Buy at UBS
UBS analyst Sean King started Molson Coors with a Buy rating and $80 price target. The analyst says the company has a track record of execution while currently trading at a "meaningful growth-adjusted" discount.
12/13/18
12/13/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alibaba (BABA) assumed with a Buy at Mizuho. 2. Molson Coors (TAP) and Keurig Dr Pepper (KDP) were initiated with a Buy at UBS, while PepsiCo (PEP) and Constellation Brands (STZ) were initiated with a Neutral, and Monster Beverage (MNST) and Boston Beer (SAM) were initiated with a Sell. 3. SeaSpine (SPNE) initiated with an Outperform at Wells Fargo. 4. XPO Logistics (XPO) initiated with a Buy at SunTrust. 5. Enanta (ENTA) initiated with a Hold at Berenberg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/12/19
DBAB
02/12/19
DOWNGRADE
DBAB
Hold
Molson Coors downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Molson Coors to Hold from Buy.
02/13/19
DBAB
02/13/19
DOWNGRADE
Target $63
DBAB
Hold
Deutsche Bank downgrades Molson Coors to Hold, cuts target to $63
Deutsche Bank analyst Steve Powers last night downgraded Molson Coors to Hold from Buy and lowered his price target for the shares to $63 from $72. There remains uncertainty as to whether demand trends can improve and the company can successfully deliver on its deleveraging and capital return commitments, Powers tells investors in a research note. Further, the analyst sees "less obvious longer-term catalysts" and "limited strategic optionality" for Molson Coors following yesterday's results.

TODAY'S FREE FLY STORIES

PAAS

Pan American Silver

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-0.4 (-2.65%)

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ARGO

Argo Group

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GLD

SPDR Gold Shares

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SP

SP Plus Corp.

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GM

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SP

SP Plus Corp.

$36.62

0.15 (0.41%)

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LBY

Libbey

$5.75

0.15 (2.68%)

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LBY

Libbey

$5.75

0.15 (2.68%)

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NTES

NetEase

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NTES

NetEase

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3.11 (1.35%)

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NTES

NetEase

$232.66

3.11 (1.35%)

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LEE

Lee Enterprises

$2.61

0.01 (0.38%)

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KRNY

Kearny Financial

$13.48

-0.01 (-0.07%)

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CPRT

Copart

$53.43

0.11 (0.21%)

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CE

Celanese

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CPRT

Copart

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WPG

Washington Prime

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CPA

Copa Holdings

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WPG

Washington Prime

$5.77

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RMAX

RE/MAX Holdings

$40.54

0.11 (0.27%)

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MSA

MSA Safety

$100.06

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17:46
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TFX

Teleflex

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AGI

Alamos Gold

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0.05 (1.04%)

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NTR

Nutrien

$54.43

1.075 (2.02%)

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AKRX

Akorn

$4.03

-0.42 (-9.44%)

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