Molson Coors Brewing (TAP) Placed on Rating Watch Negative by Fitch (BUD)

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Molson Coors Brewing (TAP) Announces Intent to Purchase MillerCoors JV; Cowen Raises Price Target to $106

November 16, 2015 6:54 AM EST

Cowen reiterated an Outperform rating on Molson Coors (NYSE: TAP), and raised the price target to $106.00 (from $95.00), following the company's announced intent to purchase MillerCoors JV.

Analyst Vivien Azer commented, "With TAP's intended purchase of the MillerCoors JV now official, we update our... More