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Wells Fargo Downgrades Molson Coors After Sales Miss Estimates

Third-quarter earnings per share beat expectations, while sales fell short. Wells Fargo expects 2027 to be challenging.

By John Kim
Published
An unmarked beer can stands alone beside a brewery conveyor / TokenPost.ai
An unmarked beer can stands alone beside a brewery conveyor / TokenPost.ai

Wells Fargo lowered its rating on Molson Coors Beverage Company after the brewer's third-quarter sales missed expectations, while earnings per share topped estimates and the bank anticipated a challenging 2027.

The rating moved to Underweight from Equal Weight after Molson Coors reported its results Thursday. Wells Fargo expects 2027 to be challenging.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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