TD Cowen downgrades Molson Coors, lowers price target to $58: Is it time to exit?
Molson Coors Beverage Company (NYSE: TAP) is in the spotlight today following a downgrade by TD Cowen. Despite Molson Coors posting better-than-expected Q2 earnings and reaffirming its 2024 outlook yesterday, TD Cowen adjusted its rating on the company, moving from a Buy to a Hold, and lowering the price target from $68 to $58. This