Citigroup Maintains Neutral on Boston Beer Co, Lowers Price Target to $315
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni has maintained a Neutral rating on Boston Beer Co (NYSE:SAM) while lowering the price target from $350 to $315.
April 16, 2024 | 11:56 am
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NEGATIVE IMPACT
Citigroup has maintained a Neutral rating on Boston Beer Co but reduced the price target from $350 to $315.
The reduction in the price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Boston Beer Co.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100