Barclays Maintains an 'Overweight' on Beam Inc (BEAM); Slight Dip in Growth, But Still In A Sweet Spot
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Price: $67.39 -0.37%
Rating Summary:
7 Buy, 2 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
7 Buy, 2 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade BEAM Now!
Barclays maintains an 'Overweight' on Beam Inc (NYSE: BEAM) price target of $66.00.
Analyst, Michael J. Branca, said, "The ongoing strength of the core portfolio, led by bourbon (Beam, Maker's Mark), will be enhanced by the roll-out of Skinnygirl vodka (begun in late 1Q12) and the pending acquisition of Pinnacle vodka. Indeed, Beam is making inroads into the large and fast growing US vodka space (about 1/3 of the US spirits market by volume), where it currently has very low penetration (~4% value share). We believe Beam's marketing and distribution efforts could unlock a significant growth opportunity in the sizable vodka category."
For an analyst ratings summary and ratings history on Beam Inc click here. For more ratings news on Beam Inc click here.
Shares of Beam Inc closed at $56.36 yesterday, with a 52 week range of $40.50-$60.38.
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Analyst, Michael J. Branca, said, "The ongoing strength of the core portfolio, led by bourbon (Beam, Maker's Mark), will be enhanced by the roll-out of Skinnygirl vodka (begun in late 1Q12) and the pending acquisition of Pinnacle vodka. Indeed, Beam is making inroads into the large and fast growing US vodka space (about 1/3 of the US spirits market by volume), where it currently has very low penetration (~4% value share). We believe Beam's marketing and distribution efforts could unlock a significant growth opportunity in the sizable vodka category."
For an analyst ratings summary and ratings history on Beam Inc click here. For more ratings news on Beam Inc click here.
Shares of Beam Inc closed at $56.36 yesterday, with a 52 week range of $40.50-$60.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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