Deutsche Bank Upgrades Boston Beer Co to Hold, Announces $273 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Steve Powers upgraded Boston Beer Co (NYSE:SAM) from Sell to Hold and set a new price target of $273.

May 08, 2024 | 9:34 am
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Boston Beer Co was upgraded by Deutsche Bank from Sell to Hold with a new price target of $273.
Upgrades by major financial institutions like Deutsche Bank generally lead to positive short-term price movements. The upgrade from Sell to Hold indicates a more favorable outlook on the stock by the analysts, which can instill confidence in current and potential investors. The setting of a new price target at $273, presumably above its current trading price, suggests an expectation of growth or recovery in the stock's value, further contributing to positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100