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Molson Coors stock dragged down by double downgrade

Tomi Kilgore
Molson Coors stock dragged down by double downgrade

Shares of Molson Coors Brewing Co. dropped toward its lowest close in over 5 years Monday after a double downgrade at Bank of America Merrill Lynch, which said the beer brewer will likely have to spend more and make less to stem the decline in its beer brands.