Jefferies Reiterates Hold, $46 PT On Molson Coors - Molson Coors Beverage (NYSE:TAP)

27% profit every 20 days?

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In a note out today, Jefferies reiterated a hold rating and $46 price target on brewer Molson Coors (NYSE: TAP). A price target of $46 implies decent upside from where the shares currently reside.“Miller Lite has seen mid-single digit volume declines since Spring 2011. Efforts to turn around the core premium light brand include a recent restructuring of the brand marketing team, new creative which is expected to debut in March 2012, and continued packaging innovation. Said differently, there is no quick turnaround coming,” Jefferies said in the note.

27% profit every 20 days?

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