Piper Sandler Trims Molson Coors (TAP) PT Amid Ongoing Industry Challenges

Molson Coors Beverage Company (NYSE:TAP) ranks 10th on our list of the S&P 500 stocks with a low PE ratio. Molson Coors makes and sells beer and other malt drinks around the world, including hard seltzers, craft beers, spirits, and ready-to-drink beverages.

On September 30, Piper Sandler maintained a Neutral rating on TAP and trimmed the price target from $53 to $52. The research firm pointed to current challenges and a lack of immediate growth stimulators, aside from a potential boost in American consumer spending, which has not yet materialized.

The new price target equals a PE ratio of about 9x, topping the five-year historical average of 7.6x as well as the current figure. Despite the difficult environment, the company maintains a 4.11% dividend yield and a 51-year track record of dividend payouts

Piper Sandlet also highlighted ongoing pressure on revenue growth in both the United States and EMEA markets, which it expects to continue in the near term. The firm revised its Q3 2025 Americas organic sales decline forecast down by about 1% to align with the current retail environment.

Even though on-premise sales might be picking up pace, Molson Coors’ overall volumes are expected to stay under pressure at least until 2026. Due to this, Piper Sandler lowered its EPS estimates, cutting the 2025 and 2026 forecasts to $5.43 and $5.75, respectively, which resulted in a lower price target.

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