Goldman Sachs Upgrades Molson Coors (TAP) to Buy; Sees 29% Upside

April 1, 2013 7:05 AM EDT
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Price: $97.62 +0.08%

Rating Summary:
    10 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs upgraded Molson Coors (NYSE: TAP) from Neutral to Buy with a price target of $63.00 (from $47.00), suggesting 29% upside.

In its upgrade, the firm called Molson Coors a compelling risk/reward proposition on a US employment recovery and a new product cycle which will drive upward earnings revisions and multiple re-rating for what it called a "deep value asset."

For an analyst ratings summary and ratings history on Molson Coors click here. For more ratings news on Molson Coors click here.

Shares of Molson Coors closed at $48.93 yesterday.

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