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Beer brewer Molson Coors Brewing Company ( TAP ) on Wednesday caught some positive commentary from analysts at Goldman Sachs.

The firm maintained its "Neutral" rating on TAP but lifted its price target from $46 to $47. That new target suggests a 9.5% upside to the stock's Tuesday closing price of $42.92.

A Goldman analyst commented, "We remain Neutral on TAP as valuation is admittedly enticing, but TAP is still losing market share in both US and Canada, and Starbev acquisition adds increased P&L volatility." Continuing, "We wait for signs of improving market share performance in US/Canada and greater visibility on Central European profitability to become more bullish."

To reflect TAP's recent earnings beat, the firm also lifted its full-year 2012 earnings estimate for the company to $4.08 per share.

Molson Coors shares were mostly flat in premarket trading Wednesday.

The Bottom Line
Shares of Molson Coors ( TAP ) have a 2.98% dividend yield, based on last night's closing stock price of $42.92. The stock has technical support in the $38-$40 price area. If the shares can firm up, we see overhead resistance around the $45-$46 price levels.

Molson Coors Brewing Company ( TAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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