Barclays raises target price for Molson Coors Beverage Co (TAP) to $65.00 following Q1 earnings beat.

Barclays has raised its target price on Molson Coors Beverage Company (TAP) from $64.00 to $65.00. In Q1, the company reported better-than-expected earnings of $1.19 per share, with revenue reaching $3.33 billion. TAP.A stock remained flat at $61.03 during trading, and the company declared a quarterly dividend of $0.44 per share. Molson Coors Beverage Co is a global brewer with a diverse portfolio, producing and selling beer, flavored malt beverages, and other malt beverages under various brands in multiple regions.

February 15, 2024
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