Morgan Stanley Maintains Underweight on Boston Beer Co, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Eric Sheridan has maintained an 'Underweight' rating on Boston Beer Co (NYSE:SAM) and raised the price target from $270 to $285.

October 27, 2023 | 12:51 pm
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Morgan Stanley has maintained an 'Underweight' rating on Boston Beer Co and raised the price target from $270 to $285.
The 'Underweight' rating suggests that Morgan Stanley expects Boston Beer Co's stock to underperform compared to other stocks. However, the increase in price target from $270 to $285 indicates a slightly more positive outlook on the stock's future performance. This could lead to a short-term negative impact on the stock price.
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IMPORTANCE 80
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