Seeking Alpha

Molson Coors upgraded by Bank of America

  • 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.
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