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Fly News Breaks for February 8, 2018
SAM
Feb 8, 2018 | 07:03 EDT
As previously reported, Macquarie upgraded Boston Beer to Neutral from Underperform with a $189 price target. up from $155. Analyst Caroline Levy said measured channel data for Twisted Tea and Truly Sparkling has improved and expects them to growth to 32% of the portfolio in 2018 from 25% in 2017. The analyst expects Boston Beer to deliver 1% sales growth in 2018 with potential for upside if new launches such as SAM 76 perform well.
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