Molson Coors Hurt By Fewer People Drinking Beer, Warns Analyst

Bank of America Securities analyst Bryan D. Spillane downgraded Molson Coors Beverage Company TAP from Buy to Neutral, lowering the price forecast from $65 to $50.In December, the analyst upgraded Molson Coors, expecting U.S. beer volumes to return to normal 2025 trends and the company’s market share to stabilize, which would help sustain margins and support a higher valuation through better cash flow visibility.However, that outlook hasn’t materialized, industry volumes continue to fall below historical le ...