Molson Coors upgraded by Bank of America

|About: Molson Coors Brewing Company (TAP)|By:, SA News Editor

Bank of America upgrades Molson Coors (TAP) by two notches to Buy from Underperform with the company showing strong profit growth on cost cutting.

The investment firm has a $80 price target on shares.

There's also speculation that a shakeup in the beer industry will lead to Molson Coors gaining full control of MillerCoors.