Molson Coors (TAP – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Robert Moskow from TD Cowen maintained a Hold rating on the stock and has a $60.00 price target.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Robert Moskow has given his Hold rating due to a combination of factors influencing Molson Coors’ future performance. While the company did report a positive earnings per share, largely aided by lower taxes, its overall sales and volume outlook presents challenges. The company’s ability to grow earnings through cost savings is recognized, yet concerns remain over declining volumes despite efforts at portfolio diversification.
The U.S. beer category, although performing better than anticipated in the fourth quarter, still faces persistent headwinds. Molson Coors’ significant exposure to the domestic mainstream beer segment, which is witnessing a decline, adds skepticism about the company’s ability to grow its U.S. top line sustainably. Additionally, volume decline expectations and challenges in international markets further contribute to the cautious outlook, justifying the Hold rating.
In another report released today, Bernstein also maintained a Hold rating on the stock with a $65.00 price target.