Stocks expected to have increasing option volume: SAM URBN GO VZIO BMBL RDFN SPCE

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CFRA Downgrades Boston Beer Company (SAM) to Sell

February 28, 2024 8:47 AM EST

CFRA analyst Garrett Nelson downgraded Boston Beer Company (NYSE: SAM) from Hold to Sell with a price target of $275.00 (from $350.00).

The analyst comments "We cut our 12-month target by $75 to $275, representing a '25 P/E of 27x, a justified discount to its 10-year average... More

Boston Beer Company (SAM) PT Lowered to $275 at Morgan Stanley

February 28, 2024 5:06 AM EST

Morgan Stanley analyst Eric Serotta lowered the price target on Boston Beer Company (NYSE: SAM) to $275.00 (from $285.00) while maintaining a Underweight rating.

The analyst comments "We expect a negative reaction following SAM's 4Q results and weaker than expected FY24 EPS guidance that... More