Boston Beer price target lowered to $328 from $349 at Roth Capital

Roth Capital lowered the firm’s price target on Boston Beer (SAM) to $328 from $349 and keeps a Buy rating on the shares. The company reported a strong Q1, but the impact of tariffs will likely overshadow an otherwise strong shipment/gross profit quarter, the analyst tells investors in a research note. Tariff-related aluminum cost inflation, estimated to have $1.20 to $1.90 impact to EPS, is more significant than alluded to in February, Roth added.