UBS Maintains Neutral on Boston Beer Co, Lowers Price Target to $355
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Sean King has maintained a Neutral rating on Boston Beer Co (NYSE:SAM) and lowered the price target from $390 to $355.

February 28, 2024 | 6:37 pm
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UBS analyst Sean King maintains a Neutral rating on Boston Beer Co and lowers the price target from $390 to $355.
The reduction in the price target by UBS analyst Sean King suggests a less optimistic outlook on Boston Beer Co's stock value in the short term. This adjustment could lead to a negative perception among investors, potentially causing a decrease in the stock price. The Neutral rating indicates that the analyst does not see significant upside or downside from the current stock price level, but the lowering of the price target is a bearish signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100