Evercore ISI lowered the firm’s price target on Molson Coors (TAP) to $60 from $68 and keeps an Outperform rating on the shares ahead of the company’s Q4 report due on Thursday, February 13. Molson Coors reported weak top-line results driven by macro pressure on the consumer in Q3, says the analyst, who expects a similar dynamic to continue in Q4. The firm models a 3.5% decline in organic sales, versus the Street call for a 2.9% decline, the analyst noted.
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