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Stock impact report

Jim Cramer Discusses Molson Coors (TAP) & Alcohol Industry [Yahoo! Finance]

Molson Coors Beverage Company Class B (TAP) 
Last molson coors beverage company class b earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.molsoncoors.com/overview/default.aspx
Company Research Source: Yahoo! Finance
Molson Coors Beverage Company (NYSE:TAP) is an alcoholic beverage company. The shares are down by 18% year-to-date as the firm has struggled due to the broader weakness in the alcoholic beverage industry. The weak share price has also been met with analyst caution. For instance, JPMorgan started coverage of Molson Coors Beverage Company (NYSE:TAP) in November and set a Neutral rating along with a $49 share price target. JPMorgan commented that while the firm had improved its business fundamentals, it was nevertheless operating in struggling markets. The analyst comments came after Molson Coors Beverage Company (NYSE:TAP) had reported its third-quarter earnings report in November. The results saw the firm report $2.97 billion in revenue and $1.67 in adjusted earnings per share. Crucially, Molson Coors Beverage Company (NYSE:TAP) also forecast a 3% to 4% decline in sales in 2025. Cramer commented on the firm in the context of broader changes in America's alcohol consumption: Photo by Show less Read more
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