Goldman Sachs Reports Molson Coors Stepped Up Cash Returns To Shareholders Unlikely In The Near-Term

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.