Molson Coors Brewing (TAP) Tops Q3 EPS by 20c, Revenue Misses

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Molson Coors (TAP) PT Lowered to $50 at Cowen

November 1, 2021 7:06 AM EDT

Cowen analyst Vivien Azer lowered the price target on Molson Coors (NYSE: TAP) to $50.00 (from $55.00) while maintaining a Market Perform rating.

The analyst commented, "TAP delivered 1.0% LC net sales growth and adj. EPS of $1.75, which came in 8 cents ahead of our above consensus ($1.53)... More