Stifel analyst, Mark Swartzberg, raised revenue and margin estimates on Buy-rated Molson Coors (NYSE: TAP) causing a lift to the PT as well, which increased to $119 from $115.

Revenue and EPS estimates go up for increased sales, Canadian dollar appreciation, higher input benefits (e.g., diesel costs; benefit likely fades as year progresses), and improving mix, led by Coors Light, the company’s largest brand. Revenue and gross margin estimates, more than offsetting marketing spend increases, resulting in higher operating profit estimates.

Coors Light is not growing but improved to flat volume in the U.S., its largest market. . Other brands aiding overall share trends are Henry’s Hard Soda and Coors Banquet. Other brands hurting overall share trends are Blue Moon, Miller Genuine Draft, Miller High Life, Keystone Light, and Milwaukee’s Best.

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 $98.31 yesterday.