BofA downgrades Molson Coors to 'neutral' rating, cuts PT

Molson Coors Beverage Co

27/06/2025 16:52

** BofA downgrades beer maker Molson Coors TAP.N to "neutral" from "buy" rating, citing a continues decline in the U.S. beer industry below historical trends

** "It will be difficult for TAP to achieve what we expected with the industry slump continuing" - BofA

** Brokerage cuts PT to $50 from $65, which still represents a 5.8% upside to stock's last close

** Seven of 23 brokerages rate the stock "buy" or higher, 15 rate "hold" and one "sell"; their median PT is $60.50, according to data compiled by LSEG

** Including session's moves, stock down about 17.6% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))