UPDATE - UBS Downgraded Molson Coors (TAP) to Neutral; More Cautious Stance from Ongoing Decline in Volume
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Price: $42.94 +0.77%
Rating Summary:
8 Buy, 20 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 20 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - UBS downgraded Molson Coors (NYSE: TAP) from Buy to Neutral. PT cut $1 to $45.
UBS analyst said, "We are downgrading shares of TAP as we see limited upside to earnings from a difficult volume environment (slowing growth in Coors Light and ongoing Miller Lite declines), while further IT spending and limited future JV synergies will limit financial upside from SG&A leverage. We are lowering our ‘12-13 EPS to $3.60 & $3.81 (prev: $3.69 & $3.96)."
To see more ratings on TAP, Click Here
UBS analyst said, "We are downgrading shares of TAP as we see limited upside to earnings from a difficult volume environment (slowing growth in Coors Light and ongoing Miller Lite declines), while further IT spending and limited future JV synergies will limit financial upside from SG&A leverage. We are lowering our ‘12-13 EPS to $3.60 & $3.81 (prev: $3.69 & $3.96)."
To see more ratings on TAP, Click Here
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