Molson Coors Beverage (TAP) News Today

Molson Coors Beverage Company (NYSE:TAP) shares dipped after a flurry of analyst price-target cuts, while dividend‐focused investors are eyeing a recently highlighted yield and valuation metric. Key developments:

• Positive Sentiment: Molson Coors was named a Top 25 dividend stock by Dividend Channel, featuring a 3.74% yield and trading below book value, underscoring its appeal for income investors. This Stock Has A 3.74% Yield And Sells For Less Than Book
• Neutral Sentiment: Analysts note a mixed outlook amid market challenges, citing both pricing power and cost pressures in Molson Coors’ latest operational environment. Molson Coors Faces Mixed Outlook Amid Market Challenges
• Negative Sentiment: Evercore ISI cut its price target from $58.00 to $53.00, though it maintained an “outperform” rating. Evercore ISI Cuts Molson Coors Beverage (NYSE:TAP) Price Target to $53.00
• Negative Sentiment: UBS Group issued a pessimistic forecast for TAP, lowering its price target from $53.00 to $52.00 and keeping a “neutral” rating. UBS Group Issues Pessimistic Forecast for Molson Coors Beverage (NYSE:TAP) Stock Price
• Negative Sentiment: Needham & Company LLC trimmed expectations, cutting its price target from $65.00 to $58.00 while retaining a “buy” rating. Needham & Company LLC Has Lowered Expectations for Molson Coors Beverage (NYSE:TAP) Stock Price
• Negative Sentiment: Morgan Stanley reduced its price objective from $58.00 to $53.00 and assigned an “equal weight” rating to TAP. Molson Coors Beverage (NYSE:TAP) Given New $53.00 Price Target at Morgan Stanley
• Negative Sentiment: UBS Group reiterated a neutral stance, cutting TAP’s target from $53.00 to $52.00 in a separate MarketBeat report. Molson Coors Beverage (NYSE:TAP) Price Target Cut to $52.00 by Analysts at UBS Group
• Negative Sentiment: Evercore ISI’s MarketBeat update echoed its American Banking News note, trimming its target to $53.00 despite an outperform rating. Molson Coors Beverage (NYSE:TAP) Price Target Cut to $53.00 by Analysts at Evercore ISI
• Negative Sentiment: Goldman Sachs lowered its price objective sharply from $77.00 to $67.00 but maintained a “buy” rating on TAP. The Goldman Sachs Group Has Lowered Expectations for Molson Coors Beverage (NYSE:TAP) Stock Price
• Negative Sentiment: Barclays cut its target from $53.00 to $49.00 and assigned an “equal weight” rating, flagging a modest downside. Barclays Lowers TAP Price Target to $49.00
• Negative Sentiment: Needham & Company LLC also appeared in MarketBeat, confirming its cut to a $58.00 price target. Molson Coors Beverage (NYSE:TAP) Price Target Cut to $58.00 by Analysts at Needham & Company LLC