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Analysts’ Actions: Soda Company Coke Likely to Climb, While Molson Coors Faces FX Troubles

July 30, 2023
in Trade Tube
Reading Time: 1 min read
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A boost for Coke, a cut at Molson Coors and a downgrade at Pier One, all in Wednesday’s Analysts’ Actions. Jefferies nudged their price target on Coca-Cola slightly higher to $43 a share from $41, but maintained a HOLD rating on the stock. Analysts said the company is in good shape, but that 2015 is a transition year. Molson Coors had its targets reduced by $4 to $80 a share at Credit Suisse after missing profits estimates in its recent quarter. Pier 1 was downgraded to PERFORM at Oppenheimer with its price target withdrawn after the retailer warned fourth-quarter results would fall well short of estimates.

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