Cowen Bumps Up Boston Beer Price Target By 25%

by Shivani Kumaresan, Benzinga Staff Writer

December 6, 2021 2:37 PM | 27 seconds read

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.