Goldman Sachs has increased its rating of the newly-merged Molson Coors Brewing Co.

The investment bank's analysts said that they had "more comfort that Molson Coors can address fundamental challenges in Canada and Brazil," and raised the brewer to "outperform" from "in-line".
Goldman also raised its 2005 earnings estimate by 65 cents a share to US$5.25, and raised its 2006 estimate to US$6.00 a share, up 70 cents.