Morgan Stanley lowered the firm’s price target on Boston Beer (SAM) to $270 from $290 and keeps an Equal Weight rating on the shares following better than expected Q4 and FY25-to-date depletions. The firm sees “a still challenged” volume outlook and uncertain returns on the company’s planned step-up in brand investment, but also a “potentially more intriguing risk/return post recent stock underperformance,” the analyst tells investors.
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Read More on SAM:
- Boston Beer price target lowered to $240 from $275 at Piper Sandler
- Boston Beer Faces Challenges Despite Positive Depletion Rates: Hold Rating Maintained
- Boston Beer Company Reports 2024 Financial Results
- Boston Beer reports Q4 EPS ($1.68), consensus ($1.33)
- Boston Beer sees FY25 GAAP EPS $8.00-$10.50, consensus $11.30