TD Cowen Maintains Market Perform on Boston Beer Co, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Vivien Azer maintains a 'Market Perform' rating on Boston Beer Co (NYSE:SAM) and raises the price target from $300 to $350.

July 31, 2023 | 7:15 pm
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Boston Beer Co's price target has been raised from $300 to $350 by TD Cowen, maintaining a 'Market Perform' rating.
The raised price target indicates that the analyst sees potential for the stock's price to increase. This could lead to increased investor confidence and potentially a short-term increase in the stock's price. However, the 'Market Perform' rating suggests that the stock is expected to perform similarly to the overall market, indicating that the potential for significant outperformance may be limited.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100