Molson Coors Received its Third Buy in a Row

By Carrie Williams

After Stifel Nicolaus and BMO Capital assigned a Buy rating to Molson Coors in the last month, the company received another Buy, this time from Credit Suisse. Analyst Laurent Grandet maintained a Buy rating on Molson Coors (NYSE: TAP) today and set a price target of $96. The company’s shares opened today at $80.49.

According to TipRanks.com, Grandet is a 4-star analyst with an average return of 15.3% and a 83.8% success rate. Grandet covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Monster Beverage Corp, and National Beverage.

Currently, the analyst consensus on Molson Coors is Moderate Buy and the average price target is $92.50, representing a 14.9% upside.

In a report issued on February 5, BMO Capital also initiated coverage with a Buy rating on the stock with a $95 price target.

The company has a one-year high of $102.14 and a one-year low of $72.71. Currently, Molson Coors has an average volume of 1.31M.

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Molson Coors Brewing Co. produces and sells beer. It brews, markets and sells a portfolio of brands such as Coors Light, Molson Canadian, Carling, Blue Moon and Keystone Light across the Americas, Europe and Asia. It operates through the following segments: the United States, Canada, Europe, and Molson Coors International (MCI).