UPDATE: Goldman Sachs Upgrades Boston Beer Company on Near-Term Volume Upside Potential

In a report published on Tuesday, Goldman Sachs analyst Judy E. Hong upgraded

from Sell to Neutral and increased the price target on the company from $141 to $162. In the report, Goldman Sachs stated, "Over the last 12 months, SAM is up 45% vs. S&P 500 24%. We are raising our EPS 3-4% due to a higher volume growth outlook primarily driven by Angry Orchard momentum and near-term upside risk to the Samuel Adams brand." Boston Beer Company closed on Tuesday at $156.49.