Molson Coors (TAP) Receives a Buy from Berenberg Bank
Berenberg Bank analyst Javier Gonzalez Lastra maintained a Buy rating on Molson Coors on February 27 and set a price target of $61.00. The company’s shares closed last Friday at $48.99.
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According to TipRanks, Gonzalez Lastra is a 4-star analyst with an average return of 7.4% and a 65.33% success rate. Gonzalez Lastra covers the Consumer Defensive sector, focusing on stocks such as Diageo, Pernod Ricard, and Molson Coors.
In addition to Berenberg Bank, Molson Coors also received a Buy from Goldman Sachs’s Bonnie Herzog in a report issued on February 25. However, on the same day, Bank of America Securities downgraded Molson Coors (NYSE: TAP) to a Sell.
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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