Cowen Bumps Up Boston Beer Price Target By 25%

  • Cowen analyst Vivien Azer upgraded Boston Beer Company SAM to Market Perform from Underperform with a price target of $500, up from $400, implying a 1.53% upside.
  • The analyst noted the share price has compressed, reflecting the negative revisions to company guidance.
  • Vivien said with Nielsen trends starting to show signs of stabilization, lower expectations have been priced into the stock.
  • Price Action: SAM shares are trading higher by 6.97% at $492.47 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!