Coors Upgraded

In latest expression of how well Coors has been doing in the U.S., UBS analyst Kaumil Gajrawala upgraded MolsonCoors stock yesterday to buy, driving up share prices. Part of the reason for the upgrade was mere valuation: TAP shares are down 12% from its peak. But Kaumil gives the US division props for strong volume. "Based on conversations with industry sources, we believe US volumes were up 2% over Memorial Day weekend, though there were promotional in Texas and Florida