US: Morgan Stanley cuts rating on Coors

By just-drinks.com editorial team | 9 July 2003

The investment bank, Morgan Stanley, has reduced its rating on the US brewer, Adolph Coors, from "equal-weight" to "underweight", citing deteriorating business fundamentals in the US and increasingly competitive market conditions in the UK.

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The investment bank, Morgan Stanley, has reduced its rating on the US brewer, Adolph Coors, from "equal-weight" to "underweight", citing deteriorating business fundamentals in the US and increasingly competitive market conditions in the UK.

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