Barclays Downgrades Molson Coors (TAP) to Equalweight, Believes Investors Will Await Clarity

Barclays analyst Lauren Lieberman downgraded Molson Coors (NYSE: TAP) from Overweight to Equalweight with a price target of $54.00 (from $59.00).

The analyst comments "We continue to appreciate the newfound urgency and creativity with which TAP has been working to improve top-line trends across its portfolio. That said, we believe investors will need to see material improvement before they begin to reengage in the story. With restructuring work creating disruption risk, we think a "wait and see" approach is apt. "

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 $52.28 yesterday.

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