Published by Leonardo Calcagno
National Bank of Canada FI increased its stake in Molson Coors Beverage (NYSE: TAP) by 52.2% in Q3, owning 330,346 shares valued at $20,681,000. Other institutional investors like Quent Capital, Contravisory Investment Management, Butensky & Cohen Financial Security, Salem Investment Counselors, and International Assets Investment Management also made notable moves.
Analyst ratings for TAP include upgrades by Deutsche Bank Aktiengesellschaft from “sell” to “hold,” with a target price increase to $58.00. Wedbush maintained a “neutral” rating with a $70.00 target, while TheStreet downgraded Molson Coors Beverage from “b-” to “c.” HSBC initiated coverage with a “hold” rating and a $68.00 target. Molson Coors Beverage’s stock is currently trading at $61.94, showing a 0.2% increase. [source: https://www.marketbeat.com ]