Deutsche Bank Downgrades Molson Coors to Hold from Buy

In a note to investors, analyst Steve Powers said the company’s fourth-quarter earnings revealed revenue growth was slowing more than anticipated.  The results weakened Deutsche Bank’s belief Molson Coors has “prospects for stabilized/improved top-line trajectory.”

Also contributing to the downgrade: “material weakness in financial reporting … albeit seemingly contained.”  Molson Coors restatement of earnings has led at least five law firms to consider filing class action suits against the company, as we reported this morning.

This entry was posted in beer and tagged . Bookmark the permalink.