Credit Suisse Starts Boston Beer Company (SAM) at Underperform

September 16, 2016 6:57 AM EDT
Get Alerts SAM Hot Sheet
Price: $153.20 -1.38%

Rating Summary:
    2 Buy, 11 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 6 | Down: 10 | New: 6
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Credit Suisse initiates coverage on Boston Beer Company (NYSE: SAM) with a Underperform rating and a price target of $156.00.

Analyst Laurent Grandet commented, "We are initiating coverage of Boston Beer with an Underperform rating and a $156 target price. Our sales and EPS estimates are below the consensus, as we don't see a clear tipping point to reverse sales declines. More importantly, management has not yet been able to articulate a clear strategy to stem market shares losses and revitalize sales. We applaud the company for recognizing the severity of the problem and hiring a CMO, but we think the coming years will be a slow road and that expectations have not fully adjusted to that reality."

For an analyst ratings summary and ratings history on Boston Beer Company click here. For more ratings news on Boston Beer Company click here.

Shares of Boston Beer Company closed at $164.50 yesterday.

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