Boston Beer price target raised to $283 from $276 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Boston Beer (SAM) to $283 from $276 and keeps a Hold rating on the shares. Looking to 2025, the firm sees continued challenges ahead for most consumer packaged goods companies. The analyst maintains a net-constructive view on household personal care and cosmetics, is becoming more positive on bon-alcoholic beverage names, and taking a more cautious position on food.