Why is Molson Coors Beverage stock climbing 2% today? By Investing.com

Molson Coors Beverage shares climbed 2.3% in morning trading to $37.35 after the company scheduled a webcast for its third-quarter 2026 earnings call. The webcast will be on Nov. 5, 2026, with results expected around 6:30 a.m. Eastern Time the same day. While routine, the update provided a clearer timeline for investors who have faced persistent selling pressure. The stock also benefited from Wall Street context: on Oct. 5, Wells Fargo cut its price target from $41 to $38 while maintaining an Equal Weight rating, a change that contributed to weakness into Tuesday’s session. With the stock near its 52-week low of $35.52, the article says the Wells Fargo move appears largely priced in, and InvestingPro’s fair value estimate is $53.80. BlackRock holds 10.6% of Molson Coors Class B shares as of Sept. 30, 2026.