- 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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