Boston Beer price target lowered to $300 from $314 at RBC Capital

RBC Capital analyst Nik Modi lowered the firm’s price target on Boston Beer to $300 from $314 and keeps a Sector Perform rating on the shares. The company saw a "tough" quarter despite low expectations into the print, the analyst tells investors in a research note. While Boston Beer is bringing renewed focus and strategy to turn around Truly, the firm remains on the sidelines "until there is greater visibility into topline and margin stability".