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Fly News Breaks for March 8, 2016
SAM
Mar 8, 2016 | 06:42 EDT
CLSA analyst Caroline Levy downgraded Boston Beer to Underperform given a reduced outlook for topline growth. The analyst expects cider sales, Lager, and seasonals to decline in 2016 due to increased competition. Levy sees flat depletion growth in 2016 following recent IRI data, distributor discussions, and results of the firm's recent beer survey. The analyst maintained her $200 price target on Boston Beer but lowered her 2016 earnings estimate to $7.85 from $7.90 and 2017 to $8.55 from $9.00.
News For SAM;SAM From the Last 2 Days
SAM
Apr 25, 2024 | 16:36 EDT
Sees depletions and shipments percentage change down low single digit to up low single digit. Sees price increases 1%-2%. Sees capital spending $90M-$110M.
