Piper Sandler Trims Molson Coors (TAP) PT Amid Ongoing Industry Challenges

Group 1 - Molson Coors Beverage Company ranks 10th among S&P 500 stocks with a low PE ratio, producing a variety of beverages including beer, hard seltzers, and ready-to-drink options [1] - Piper Sandler has maintained a Neutral rating on Molson Coors (TAP) and reduced the price target from $53 to $52, citing current challenges and a lack of immediate growth stimulators [2][3] - The new price target corresponds to a PE ratio of approximately 9x, which is above the five-year historical average of 7.6x, despite ongoing revenue growth pressures in the U.S. and EMEA markets [3] Group 2 - Molson Coors is expected to face volume pressures until at least 2026, leading Piper Sandler to lower its EPS estimates for 2025 and 2026 to $5.43 and $5.75, respectively [4] - The company maintains a dividend yield of 4.11% and has a 51-year history of dividend payouts, indicating a commitment to returning value to shareholders [3]