Craft Brewers Alliance (BREW) Misses Q2 EPS by 2c
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Craft Brew Alliance (BREW) PT Raised to $20 at Cowen; Reiterates Outperform
August 3, 2017 3:55 PM EDTCowen raised its price target on Craft Brew Alliance (NASDAQ: BREW) to $20.00 (from $19.00) while maintaining a Outperform rating Following the company's 2Q earnings release.
BREW delivered EPS of $0.09, ahead of estimate's of -$0.01. Results were driven largely by 9% depletion growth from Kona and a notable sequential improvement in Widmer Brothers.
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