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Bernstein Remains a Hold on Molson Coors (TAP)

Tipranks - Tipranks - Wed May 27, 7:08PM CDT

In a report released today, Nadine Sarwat from Bernstein maintained a Hold rating on Molson Coors, with a price target of $45.00.

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According to TipRanks, Sarwat is an analyst with an average return of -2.2% and a 45.10% success rate. Sarwat covers the Consumer Defensive sector, focusing on stocks such as Boston Beer, Molson Coors, and Brown-Forman B.

In addition to Bernstein, Molson Coors also received a Hold from Wells Fargo’s Christopher Carey in a report issued on May 18. However, on May 13, Evercore ISI maintained a Buy rating on Molson Coors (NYSE: TAP).

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Based on Molson Coors’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.35 billion and a net profit of $151.3 million. In comparison, last year the company earned a revenue of $2.3 billion and had a net profit of $121 million

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Geoffrey Molson, a Director at TAP sold 1,245.00 shares for a total of $52,912.50.

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