Morgan Stanley lowered the firm’s price target on Boston Beer (SAM) to $235 from $245 and keeps an Equal Weight rating on the shares. Structural topline pressure from alcohol industry and portfolio headwinds, along with continued reinvestment, are more than offsetting “solid” gross margin progress, the analyst tells investors.
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Read More on SAM:
- Boston Beer price target lowered to $226 from $233 at Deutsche Bank
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