Citi downgraded Boston Beer (SAM) to Neutral from Buy with a price target of $235, down from $255. The company’s sales weakness persisted in the summer, the analyst tells investors in a research note. Citi sees Boston Beer’s challenging backdrop continuing in the second half of 2025 due to the negative impact of volume deleverage and tariffs and aluminum price impacts.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAM:
- Boston Beer downgraded to Neutral from Buy at Citi
- How Health Warnings Are Reshaping the Alcohol Industry
- Trump Weekly: Trump weighs stake in Intel, candidates for Fed Chair
- Trump Trade: Pharma tariff announcement likely ‘weeks away’
- U.S. alcohol industry hit by Canada’s boycott, WSJ reports