BMO Capital analyst Amit Sharma lowered his price target on Craft Brew (BREW) to $12 and kept his Market Perform rating after the decision by Anheuser-Busch (BUD) not to make an offer to acquire the rest of the company's shares at $24.50/shr as disclosed on Friday. The analyst notes however that the decision was "not surprising" given the current "lackluster" shipment trends and the "steep" premium of the offer price. Sharma adds that while he is positive on Craft Brew's exposure to the faster growing craft beer category, the uncertainty of the company's strategic direction keeps his on the sidelines.