Morgan Stanley Maintains Underweight on Boston Beer Co, Lowers Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Eric Sheridan has maintained an Underweight rating on Boston Beer Co (NYSE:SAM) and reduced the price target from $285 to $275.
February 28, 2024 | 5:38 pm
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Morgan Stanley has maintained an Underweight rating on Boston Beer Co and lowered the price target from $285 to $275.
The reduction in price target by a significant financial institution like Morgan Stanley, combined with the maintenance of an Underweight rating, suggests a bearish outlook on the stock. This could lead to negative sentiment among investors and potentially drive the stock price down in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100