Stamford, CT -- (SBWIRE) -- 04/01/2013 -- Jet Life Penny Stocks provides investors with the Best penny stock alerts on a regular basis. We will send you alerts through our Penny Stock Newsletters and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Our today’s focus is on: GameStop Corporation (NYSE:GME) and Molson Coors Brewing (NYSE:TAP)
Goldman Sachs (NYSE:GS) lifted its rating on stock of Molson Coors Brewing (NYSE:TAP) on Monday morning to "Buy" from "Neutral."
The analysts mentioned that they upgrade shares of Molson Coors (TAP) to Buy from Neutral and lifted our 12-month price target to $63 (from $47) involving 29% upside.
We think TAP is a convincing risk/reward proposition as the US employment upturn and a latest product cycle drive upward earnings revisions and different re-rating for this deep value asset.
This is an out-of-consensus call as TAP is one of the highly under-loved stocks in Consumer Staples with valuation in the bottom deciles of the group.
How shares of Molson Coors Brewing responded after the news? Find out here
Molson Coors Brewing (TAP) jumped open higher on Monday and was now higher 1.44 at $50.37 in early session. The stock has increased above almost a 3-week range and has made a new peak for the year.
How Zacks rated GameStop on Monday morning? Find in this report
The pace picked from the higher than expected predicted Q4 fiscal 2012 outcomes on the support of strength seen throughout digital and mobile businesses and gross margin enhancement facilitated the stock of GameStop Corporation (NYSE:GME) to get a new 52-week peak of $28.67 on Mar 28, 2013.
Stock of this Zacks Rank #3 (Hold) video game and entertainment software retailer finally ended at $27.97, higher 5.8% from the former day’s session and produced a year-to-date return of almost 10.2%. The firm presently exchanges at a forward P/E of 8.95x, a 27.8% discount to the peer group average of 12.39x.
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