Analyst Caroline S Levy of UBS downgrades Adolph Coors (RKY) from "neutral" to "reduce." The target price has been reduced from $56 to $54, New Ratings reported on November 19. In a research note published this morning, the analyst mentions that the performance of Coors Light has been adversely affected by the recent strength of Miller Lite. Adolph Coors’ implementation of the SAP software has resulted in certain distribution issues that may negatively impact its Q4 margins and volumes, the analyst adds.

21 November, 2003