Tigress Reiterates Position On Anheuser-Busch And Boston Beer

In a note released August 5, Tigress Financial Partners analyst, Ivan Feinseth reiterated

and

as Neutral and Buy, respectively.

- Neutral Rated Feinseth does not see many catalysts for Anheuser-Busch as volume trends in the company's largest market-- North America --continue to weaken. Moreover, he noted that his greatest concern is that the company is "veiling" these trends through acquisitions. To reverse this, Feinseth said the company will roll out a big marketing push. However he remains skeptical due to "strong" competition from craft beers, wine, and spirits.

- Buy Rated Feinseth believes Boston Beer Co. is well-positioned for growth due to a "thriving" craft beer market. Despite higher operational cost due to expansion and efficiency initiatives, Feinseth said he remains confident in management's ability to continue to generate value and a strong ROC. In addition to the craft beer market, Feinseth pointed out that Boston Beer Co. is leading the growing cider market with it Angry Orchard product line.