JPMorgan Lowers its Price Target on Molson Coors Beverage Company (TAP) to $45 and Maintains a Neutral Rating

Molson Coors Beverage Company (NYSE:TAP) is among the 13 Most Undervalued S&P 500 Stocks to Invest In.

On February 25, 2026, JPMorgan lowered its price target on Molson Coors Beverage Company (NYSE:TAP) to $45 from $50 and maintained a Neutral rating following the company’s Q4 report.

The same day, BofA downgraded Molson Coors to Underperform from Neutral and reduced its price target to $42 from $50. After Q4 results and the company’s presentation at CAGNY, BofA lowered estimates, citing a weaker-than-expected FY26 outlook and limited visibility into stabilizing volumes. The firm said the downgrade reflects rising downside risk to forward estimates if the U.S. beer category sees another year of mid-single-digit declines or if Molson Coors’ consumption trend underperforms the category.

On February 18, 2026, Molson Coors reported Q4 EPS of $1.21 versus consensus of $1.15 and revenue of $2.66 billion compared to $2.71 billion consensus. CEO Rahul Goyal said the company “navigated a tough year” to deliver on revised bottom-line expectations while narrowly missing top-line guidance. Goyal added that the company has “a solid platform” with its brands, infrastructure, people, and balance sheet, and said its “iconic brands resonate with consumers.”

Molson Coors Beverage Company (NYSE:TAP) manufactures, markets, distributes, and sells beer and other malt beverage products across the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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