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SAM - This Analyst Says Boston Beer Stock Is Worth $650
Boston Beer Company Inc.
Shares of Sam Adams-maker The Boston Beer Company(NYSE: SAM) are on a tear this morning, rising more than 3.7% -- and counting -- as of 11:55 a.m. EDT. This is nothing new to the brewmeister, however, which has seen its shares soar nearly 79% in the last 12 months.
One factor helping to keep the rally going is an enthusiastic analyst, Cowen & Company's Vivien Azer, who this morning raised her price target on Boston Beer stock to $650 a share, according to TheFly.com.