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

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In a report published on Wednesday, Goldman Sachs analyst Judy E. Hong upgraded Boston Beer Company (NYSE: SAM) 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.

Posted-In: Goldman Sachs Judy E. HongAnalyst Color Upgrades Analyst Ratings

 

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