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TAP Molson Coors BeverageAnalyst actions

JPMorgan Downgrades Molson Coors to Underweight, Cuts Target to $37

The new $37 target is below the $41.50 median of the 12 firms that rated the stock in the past year.

By Zintick Team · Editor: Kratik Mehta
Published

Wide shot of a Brewery Worker Checking Fermentation Process In Steel Vat
Photo: Juice Flair/Shutterstock.com

Key points

  • JPMorgan downgraded Molson Coors to underweight from neutral and cut its target to $37 from $41
  • Coverage before the action: 2 positive, 7 neutral, 3 negative; median target $41.50
  • Last close $40.33 on Nov. 6, after an 8.4% gain over the prior 20 sessions

JPMorgan downgraded Molson Coors Beverage (NYSE: TAP) to underweight from neutral on Monday, Nov. 9, and cut its price target to $37 from $41.

The action came before the open.

Where coverage stood

Of the 12 firms that rated Molson Coors in the past year, two rated it positive, seven neutral and three negative. Their median price target was $41.50, ranging from $36 to $50. JPMorgan's new target sits below that median.

Molson Coors last closed at $40.33 on Friday, Nov. 6, after rising 8.4% over the 20 sessions before that close.

Scale and filings

For scale, Molson Coors reported revenue of $13.04 billion for 2025, down 5% from a year earlier, and a net loss of $2.14 billion. For the third quarter, revenue was $3.40 billion, down 2% from a year earlier, and net income was $271.5 million.

The company filed a quarterly report on Form 10-Q and an 8-K on Thursday, Nov. 5. JPMorgan's action came four days after those filings.

Sources

Written with AI from analyst rating changes, SEC filings and market data, and checked against those sources before publishing. Our editorial standards.

More analyst ratings

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Filings, figures and price history are on the Molson Coors Beverage page.