Fly News Breaks for August 1, 2019
Aug 1, 2019 | 07:32 EDT
Guggenheim analyst Laurent Grandet said Molson Coors reported an "especially weak" Q2 with volumes declining at an "alarming rate" in the U.S. and Europe. He lowered his estimates for FY19-FY21 following the report and cut his price target on Molson Coors shares to $52 from $63 while maintaining a Neutral rating on the stock.
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