In a report published by Goldman Sachs, Molson Coors Brewing’s TAP stepped up cash returns to shareholders are unlikely in the near-term
Goldman Sachs said that Molson Coors held its analyst day in NYC today where the company provided an update on the fundamental outlook for all their businesses and strategic initiatives to drive growth looking forward. “We remain Neutral rated despite a low valuation (12x 2011E P/E), since we see limited catalysts to drive multiple expansion in the near term.”
Molson Coors Brewing closed yesterday at $44.74.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.