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Molson Coors (TAP) Receives a Buy from Goldman Sachs

Tipranks - Tipranks - Fri Feb 27, 6:44AM CST

Goldman Sachs analyst Bonnie Herzog maintained a Buy rating on Molson Coors yesterday and set a price target of $50.00. The company’s shares closed yesterday at $47.51.

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According to TipRanks, Herzog is a 4-star analyst with an average return of 6.7% and a 61.08% success rate. Herzog covers the Consumer Defensive sector, focusing on stocks such as Altria Group, Church & Dwight, and Coca-Cola.

Currently, the analyst consensus on Molson Coors is a Hold with an average price target of $48.07, representing a 1.18% upside. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $50.00 price target.

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Based on Molson Coors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.66 billion and a net profit of $238.3 million. In comparison, last year the company earned a revenue of $2.74 billion and had a net profit of $287.8 million

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