Cowen Upgrades Boston Beer Company (SAM) to Market Perform

Cowen analyst Vivien Azer upgraded Boston Beer Company (NYSE: SAM) from Underperform to Market Perform with a price target of $500.00 (from $400.00).

The analyst comments "We are upgrading SAM to a Market Perform rating, from an Underperform, and raising our PT to $500. Since late August, SAM's share price has compressed, reflecting the negative revisions to company guidance. However, with Nielsen trends starting to show signs of stabilization, we think the lower expectations are now priced into the stock."

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 $460.40 yesterday.

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