Kovitz has a target of $84 on Molson Coors to rep ~40% upside potential.
"Basically, this is also a margin-improvement story. Everybody is concerned that beer is a declining category,” Burnstine said. But he believes the industry’s problems are “more cyclical ... interest [in beer] ebbs and flows over time," Kovitz' Bob Burnstine notes to MarketWatch.
The firm expects cost-cutting to feed TAP's bottom line even with the top line growing slowly.
TAP +1.04% premarket to $61.00.
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