Bernstein raised the firm’s price target on Boston Beer (SAM) to $315 from $305 and keeps a Market Perform rating on the shares. The normalization of U.S. alcohol consumption will remain the key theme of 2025, and the firm continues to believe a return to normal lies ahead.
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Read More on SAM:
- Molson Coors (TAP) Stock Loses Fizz as U.S. Surgeon General Calls for New Warning Label on Alcohol
- Boston Beer falls -6.2%
- Surgeon General issues new advisory on link between alcohol and cancer risk
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- Cynthia Fisher to inherit Jim Koch’s controlling interest in Sam Beer, WSJ says