Market Overview

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

Share:
Related SAM
10 Stocks That Rallied Four Days, Then Sold Off Yesterday
Reads For The Weed-Kend: Beyond Marijuana Stocks, New Opportunities Arise With Legalization
The 5 Most Shorted Stocks In Each Sector (Seeking Alpha)

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.

Latest Ratings for SAM

DateFirmActionFromTo
Oct 2016BerenbergDowngradesHoldSell
Sep 2016Cowen & Co.DowngradesMarket PerformUnderperform
Sep 2016William BlairInitiates Coverage onOutperform

View More Analyst Ratings for SAM
View the Latest Analyst Ratings

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

 

Related Articles (SAM)

View Comments and Join the Discussion!