Societe Generale Downgrades Molson Coors (TAP) to Hold, Investment Likely To Weigh On Margins

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Molson Coors (TAP) PT Lowered to $100 at UBS Following 1Q Report; 'EBITDA Shortfall & Convoluted Communication'

May 4, 2017 3:27 PM EDT

UBS lowered its price target on Molson Coors (NYSE: TAP) to $100.00 (from $108.00) while maintaining a Neutral rating, following the company's first quarter earnings report.

Analyst Stephen Powers notes the company reported first quarter EBITDA , sales and transaction-adjusted earning per share below consensus projections, as... More