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Fly News Breaks for July 26, 2019
SAM
Jul 26, 2019 | 07:34 EDT
BMO Capital analyst Amit Sharma raised his price target on Boston Beer to $350 and kept his Market Perform rating, saying its expense-cut driven Q2 earnings beat was partially offset by the quarter's softer than expected gross margins. The analyst says Truly Hard Seltzer continues to perform well, but also cites its supply-chain inefficiencies remaining a headwind to margins.
News For SAM From the Last 2 Days
SAM
Apr 18, 2024 | 12:48 EDT
SAM
Apr 16, 2024 | 05:38 EDT
Citi lowered the firm's price target on Boston Beer to $315 from $350 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for the beverages and household and personal care group. The firm sees another quarter of gross margin upside but believes the market will not reward earnings beats on margins without solid sales and volume trends.
