Boston Beer price target lowered to $326 from $328 at Roth Capital

Roth Capital analyst Bill Kirk lowered the firm’s price target on Boston Beer (SAM) to $326 from $328 and keeps a Buy rating on the shares. Despite in-line revenues, Boston Beer reported strong Q2 earnings, and while depletion and EPS guidance ranges introduce some pretty draconian scenarios, those outcomes are “very unlikely,” the analyst tells investors in a research note.