Credit Suisse Maintains Outperform Rating for Boston Beer Co: Here's What You Need To Know

Credit Suisse has decided to maintain its Outperform rating of Boston Beer Co SAM and raise its price target from $405.00 to $410.00.

Shares of Boston Beer Co are trading up 15.69% over the last 24 hours, at $388.91 per share.

A move to $410.00 would account for a 5.42% increase from the current share price.

About Boston Beer Co

Boston Beer is a leader in U.S. high-end malt beverages and adjacent categories, with strong positions in craft beer, hard cider, and hard seltzer. The firm sells an array of flavor variants and package sizes, predominantly centered around four priority brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Its drinks are produced in both company-owned breweries as well as through third-party contract arrangements, and while the company primarily goes to market through independent wholesalers (as mandated by law), it operates a fairly large salesforce to induce demand across the value chain (distributors, retailers, and drinkers). The preponderance of revenue is generated domestically.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.