Cowen Bumps Up Boston Beer Price Target By 25%

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  • Cowen analyst Vivien Azer upgraded Boston Beer Company SAM to Market Perform from Underperform with a price target of $500, up from $400, implying a 1.53% upside.
  • The analyst noted the share price has compressed, reflecting the negative revisions to company guidance.
  • Vivien said with Nielsen trends starting to show signs of stabilization, lower expectations have been priced into the stock.
  • Price Action: SAM shares are trading higher by 6.97% at $492.47 on the last check Monday.
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SAMBoston Beer Co Inc
$237.68-0.31%

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