Bernstein Upgrades Boston Beer Co to Market Perform, Raises Price Target to $335
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Nadine Sarwat upgraded Boston Beer Co (NYSE:SAM) from Underperform to Market Perform and increased the price target from $280 to $335.
January 16, 2024 | 11:26 am
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POSITIVE IMPACT
Bernstein upgraded Boston Beer Co's rating to Market Perform and raised the price target to $335, indicating a more favorable outlook for the company.
Upgrades by analysts can lead to increased investor confidence and can result in a positive short term price movement. The raise in price target suggests that Bernstein sees more value in the stock than previously estimated.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100