Jefferies Upgrades Boston Beer Co to Buy, Raises Price Target to $360
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Kaumil Gajrawala upgrades Boston Beer Co (NYSE:SAM) from Hold to Buy and raises the price target from $335 to $360.
May 14, 2024 | 12:14 pm
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Jefferies upgraded Boston Beer Co to Buy from Hold and increased the price target to $360 from $335, indicating a positive outlook on the company's future performance.
Upgrades by analysts, especially from reputable firms like Jefferies, often lead to short-term positive momentum in the stock price as it reflects a positive change in the company's outlook. The increase in price target further supports the bullish sentiment, suggesting that the analyst sees more upside potential in the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100