The Globe and Mail reports in its Tuesday, Sept. 16, edition that Barclays analyst Lauren Lieberman has downgraded Molson Coors Beverage to "underweight" from "equal-weight." The Globe's David Leeder writes in the Eye On Equities column that Ms. Lieberman hiked her share target by a buck to $50 (all figures U.S.). Analysts on average target the shares at $55.15. Ms. Lieberman says in a note, "Just as consumer spend has been measured and careful, so too are we taking a more selective stance on the most compelling categories (and stock setups) within our coverage, and frankly we struggle to think of a positive catalyst for U.S. beer trends (and investor sentiment toward the category)."
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