Laboy Launches on Molson Coors: Difficult Path Ahead

Dear Client: HSBC analyst Carlos Laboy initiated coverage on Molson Coors this week, issuing a “hold” out of the gate on the company and a report that headlines “half full, but leaking.” Despite “a big volume jump” this year, a “powerful independent wholesaler network,” and MC “doing many of the right things,” Carlos and team foresee a series of hurdles in front of the company, ultimately believing it will be “difficult” for MC to gain market share of U.S. beer