SAM - Boston Beer's Next Few Months Are Crucial: Analyst On Investment Impact And Guidance Midpoint | Benzinga
Wedbush analyst Gerald Pascarelli reiterated a Neutral rating on the shares of Boston Beer Company Inc (NYSE: SAM) and raised the price target from $350 to $370.
Based on the most recent underlying trends across each of SAM's core segments, the analyst believes the company has a path to deliver shipments or depletions above the midpoint of guidance, which would result in about 100 basis points of upside relative to current street estimates.
The raised price target reflects the belief that the multiple has support coming off a strong 2Q, along with the prospects of the company potentially over-delivering ...