Business

Market Movers

Goldman upgrades brewer, lifts target price

The company’s brands also include Molson Canadian, Carling, and Blue Moon.

The company’s brands also include Molson Canadian, Carling, and Blue Moon.

Brewer Molson Coors, which counts Coors and Miller Lite among its beers, rose after Goldman Sachs upgraded its rating on the stock to ‘‘buy’’ from ‘‘neutral,’’ citing a better outlook for beer sales as the economy improves. Goldman raised its price target to $63 from $47. Its analysts cited recovery in North American beer volumes as the US unemployment rate declines as the source for their improved expectations “for this deep-value asset.”

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