UBS lowered the firm’s price target on Boston Beer (SAM) to $230 from $234 and keeps a Neutral rating on the shares. Boston Beer’s margin performance was impressive, but top line concerns remain, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAM:
- Boston Beer’s Earnings Call: Margins Up, Volumes Down
- Boston Beer: Strong Gross Margins but Higher Investments and Slower Growth Keep Rating at Hold
- Boston Beer price target lowered to $235 from $245 at Morgan Stanley
- Boston Beer price target lowered to $226 from $233 at Deutsche Bank
- Boston Beer price target raised to $230 from $220 at Citi