Evercore Raises Price Target on Molson Coors (TAP), Maintains Outperform Rating

Company Overview - Molson Coors Beverage Company (NYSE:TAP) was founded in 2005 through the merger of Molson of Canada and Coors of the United States, and it is a global leader in the beverage industry, headquartered in Illinois [4]. Analyst Ratings - On February 9, 2026, Evercore ISI analyst Robert Ottenstein maintained an Outperform rating on Molson Coors and raised the stock's price target from $50 to $55 [2]. - Conversely, on February 11, 2026, JPMorgan's analyst Andrea Faria Teixeira maintained a Hold rating on the stock with a price target of $50 [2]. Industry Performance - The U.S. beer industry experienced a 4.7% decline in the last quarter, influenced by shifting consumer preferences and competition from "Beyond Beer" products, which affected the company's volume shares [3]. - The fourth quarter of 2025 showed signs of stabilization in the industry, with some leading companies reporting improved volume trends, although the impact on Molson Coors is yet to be determined [3]. Upcoming Earnings Report - Molson Coors is set to release its Q4 2025 earnings report along with the full year 2025 earnings results on February 18, 2026 [3].