JPMorgan Lowers its Price Target on Molson Coors Beverage Company (TAP) to $45 and Maintains a Neutral Rating

Core Insights - Molson Coors Beverage Company (NYSE:TAP) is identified as one of the 13 most undervalued stocks in the S&P 500 [1] - Following the Q4 report, JPMorgan and BofA have both adjusted their price targets and ratings for Molson Coors, indicating a cautious outlook [2][3] Financial Performance - For Q4, Molson Coors reported an EPS of $1.21, exceeding the consensus estimate of $1.15, while revenue was $2.66 billion, slightly below the consensus of $2.71 billion [4] - CEO Rahul Goyal noted the company managed to meet revised bottom-line expectations despite missing top-line guidance, emphasizing the strength of its brand portfolio and infrastructure [4] Analyst Ratings and Outlook - JPMorgan lowered its price target for Molson Coors from $50 to $45 while maintaining a Neutral rating after the Q4 results [2] - BofA downgraded Molson Coors from Neutral to Underperform, reducing its price target from $50 to $42, citing a weaker-than-expected FY26 outlook and concerns over volume stabilization [3]