UPDATE: Cowen Downgrades Boston Beer Company (SAM) to Underperform
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Boston Beer Company (SAM) Slips After Cowen Downgraded to 'Underperform' and Slashed PT by Over 50% as Seltzer’s Summer Slump Continues
August 25, 2021 7:26 AM EDTShares of Boston Beer Company (NYSE: SAM) are down about 4.5% in pre-open Wednesday after Cowen downgraded from Market Perform to Underperform.
Analyst Vivien Azer also lowered the price target by more than 50% to $400.00 per share as Seltezrs summer slump continues.
In the four weeks ended 8/14/21, hard seltzer revenues declined 0.4%, marking... More
