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Fly News Breaks for November 4, 2016
BREW
Nov 4, 2016 | 08:31 EDT
Roth Capital analyst Anton Brenner believes Craft Brew outlook remains attractive despite Q3 shortfall. The analyst expects sales trends to improve, with Kona continuing to grow rapidly, partner brand growth becoming meaningful and Widmer brands projected to stabilize, while international sales growth should accelerate. Further, he believes brewery expansions and upgrades and positive sales leverage should result in improved profit margins. Brenner reiterates a Buy rating and $25 price target on the shares.
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