Bernstein Reiterates Market Perform Rating on Boston Beer Company (SAM)

Bernstein SocGen Group analyst Nadine Sarwat reiterated a Market Perform rating and $230.00 price target on Boston Beer Company (NYSE: SAM).

The analyst commented: "At yesterday’s close, SAM was the worst performer YTD in our beverage coverage (-33%). The post-close print provided three rays of light that should be well received by the market: Sun Cruiser, gross margins and tariff impact. Yet the elephants in the room (US beer market weakness and Twisted Tea declines) still remain. We update our SAM model for results and scanner data, resulting in a -1.1% / -0.9% change in our F25 and F26 EPS estimates, respectively. We rate SAM Market-Perform, Target Price $230."

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 $215.00 yesterday.

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