Nomura Securities Starts Boston Beer Company (SAM) at Buy

Nomura Securities initiates coverage on Boston Beer Company (NYSE: SAM) with a Buy rating and a price target of $320.00.

Analyst Edward Mundy commented, "Despite a slowdown in the core lager brand, we believe the company can increase revenues over the medium term by low double digits given a strong record of innovation and a strong position within hard cider. In the current environment of emerging market volatility and risk of deflation in western Europe, good visibility on the top-line growth outlook and 96% exposure to the US is attractive, in our view."

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 $285.07 yesterday.

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