M1CB34 Stock Price and Chart — BMFBOVESPA:M1CB34

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Molson Coors Beverage Company saw volume drops in Q3 due to reduced beer demand, underperforming against peers like Anheuser-Busch InBev, with analysts noting its market growth is lagging.

Molson Coors Beverage Company shares rose over 4% after Wells Fargo upgraded its rating from underweight to overweight, with a new price target of $74.

HSBC cut its price target for Molson Coors from $60 to $50. Jefferies raised its target from $59 to $62, and Piper Sandler increased it from $59 to $63, with targets ranging from $47 to $75.

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About Molson Coors Beverage Company

Molson Coors Beverage Co. is a holding company, which engages in the production and sale of beer. It operates through the following segments: Americas, and EMEA and APAC. The Americas segment operates in the U.S., Canada and various countries in the Caribbean, Latin, and South America. The EMEA and APAC segment operates in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the UK, various other European countries, and certain countries within the Middle East, Africa, and Asia Pacific. The company was founded in 1786 and is headquartered in Golden, CO.