Information Provided By:
Fly News Breaks for July 24, 2017
SAM
Jul 24, 2017 | 06:45 EDT
Goldman analyst Judy Hong downgraded Boston Beer to Sell with a $110 price target saying she sees further downside risk from weaker volumes and believes 2018 will be another year of volume decline and limited margin offset. The analyst lowered her overall US beer volume forecast to down .7% in 2017, versus flat, and down .3% in 2018, versus up .1%, to reflect industry wide softness and sees continued challenges in Boston Beer's core beer and cider portfolio.
News For SAM From the Last 2 Days
There are no results for your query SAM