Recent

% | $
Quotes you view appear here for quick access.

Molson Coors Brewing Company Message Board

  • bill3442li bill3442li Aug 28, 2013 8:03 PM Flag

    S & P downgrade

    08/27/13 12:02 pm ET ... S&P LOWERS OPINION
    ON SHARES OF MOLSON COORS BREWING TO
    STRONG SELL FROM HOLD (TAP 49.31*): On revised multiple analysis, we cut our target price
    to $44 from $54 and our '14 EPS estimate $0.01
    to $4.16 on a lower forecast for MillerCoors equity income. Although we lifted our '13 estimate
    following Q2 results, the increase mostly reflected a lower tax rate rather than operational
    improvement. While we expect volumes to improve from more normalized weather in the U.S.
    and Europe, we see challenges for the beer
    category overall, which we think will continue
    to lose share to spirits and wine long term. We
    also look for more moderate benefit from cost cuts.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
TAP
96.49+0.31(+0.32%)11:37 AMEDT