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SAM

Boston Beer

$382.97

-1.785 (-0.46%)

07:44
07/12/19
07/12
07:44
07/12/19
07:44

Boston Beer price target raised to $421 from $372 at Guggenheim

Guggenheim analyst Laurent Grandet raised his price target on shares of Boston Beer to $421 from $372 ahead of what he expects to be strong Q2 results, driven by Twisted Tea, Truly and other new innovations. He keeps a Buy rating on Boston Beer, given his view that the company has an "exceptional" growth outlook over the coming few years.

SAM Boston Beer
$382.97

-1.785 (-0.46%)

04/05/19
GSCO
04/05/19
DOWNGRADE
Target $245
GSCO
Sell
Goldman downgrades Boston Beer to Sell, prefers Constellation Brands
Goldman Sachs analyst Judy Hong downgraded Boston Beer (SAM) to Sell from Neutral and lowered her 12-month price target for the shares to $245 from $270. The analyst sees headwinds in 2019 as competition intensifies and the company is "unlikely to repeat its innovation success again this year." She lowered her 2019 and 2020 depletions forecasts for Boston Beer primarily to reflect slower growth in Twisted Tea as well as the fading contribution from Rose Cider. Multiple compression as depletion growth slows in the coming months will drive downside to the stock, Hong tells investors in a research note. The analyst favors Constellation Brands (STZ) within her Alcoholic Beverage coverage.
04/05/19
04/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Market Perform from Outperform at Wells Fargo with analyst Aaron Rakers saying the shares, after rallying 19% year-to-date, reflect a more balanced risk/reward. 2. Boston Beer (SAM) downgraded to Sell from Neutral at Goldman Sachs with analyst Judy Hong saying she sees headwinds in 2019 as competition intensifies and the company is "unlikely to repeat its innovation success again this year." 3. Ford (F) downgraded to Reduce from Neutral at Nomura Instinet with analyst Anindya Das saying Ford's higher share of the U.K. auto market compared to the rest of Europe makes it more susceptible to Brexit risks. 4. Constellation Brands (STZ) downgraded to Hold from Buy at Deutsche Bank. 5. International Paper (IP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Paul Quinn saying while International Paper is a "great company," investors have increased scrutiny on the containerboard market due to the "softening demand and fears of incremental capacity coming online" as year-to-date shipment growth slowed to 0.8% from 1.5% in 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/10/19
FBCO
06/10/19
INITIATION
Target $320
FBCO
Neutral
Boston Beer initiated with a Neutral at Credit Suisse
Credit Suisse analyst Kaumil Gajrawala started coverage of Boston Beer with a Neutral rating and a $320 price target. The analyst cited beer instability and valuation.
06/10/19
06/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Postal Realty Trust (PSTL) initiated with an Outperform at BMO Capital as well as a Buy at DA Davidson and Stifel. 2. Applied Therapeutics (APLT) initiated with an Outperform at Cowen and Baird as well as a Buy at Citi and UBS. 3. MPLX (MPLX) initiated with a Market Perform at BMO Capital. 4. DuPont (DD) initiated with an Outperform at Cowen. 5. Boston Beer (SAM) initiated with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ADAP

Adaptimmune

$3.43

0.1 (3.00%)

07:15
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Conference/Events
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HQY

HealthEquity

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0.96 (1.27%)

, WAGE

WageWorks

$50.79

-0.01 (-0.02%)

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HealthEquity, WageWorks rating change  »

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WageWorks

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ATHM

Autohome

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-0.91 (-1.10%)

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Autohome rating change  »

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CLF

Cleveland-Cliffs

$10.88

-0.11 (-1.00%)

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Cleveland-Cliffs expects to reach commercial production at Toledo HBI in 1H20 »

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ATRA

Atara Biotherapeutics

$15.27

0.25 (1.66%)

07:10
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Syndicate
Atara Biotherapeutics 6.87M share Spot Secondary priced at $15.28 »

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DFS

Discover

$81.65

1.62 (2.02%)

07:10
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Discover names Jennifer Wong to board »

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CLF

Cleveland-Cliffs

$10.88

-0.11 (-1.00%)

07:10
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Hot Stocks
Cleveland-Cliffs backs FY19 sales volume guidance of 20M long tons »

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GRUB

GrubHub

$74.90

0.17 (0.23%)

07:09
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07:09
Initiation
GrubHub initiated  »

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General news
FX Update: The dollar settled at firmer levels »

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

07:04
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07:04
Recommendations
Intuitive Surgical analyst commentary  »

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  • 26

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IBKC

Iberiabank

$75.24

0.8 (1.07%)

07:04
07/19/19
07/19
07:04
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07:04
Earnings
Iberiabank reports Q2 non-GAAP EPS $1.87, consensus $1.82 »

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CLF

Cleveland-Cliffs

$10.88

-0.11 (-1.00%)

07:04
07/19/19
07/19
07:04
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07:04
Hot Stocks
Cleveland-Cliffs reports Q2 sales volume 6.2M long tons »

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  • 19

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SLB

Schlumberger

$38.78

0.15 (0.39%)

07:04
07/19/19
07/19
07:04
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07:04
Earnings
Schlumberger reports Q2 ex-items EPS 35c, consensus 35c »

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HALO

Halozyme

$16.79

0.03 (0.18%)

, JNJ

Johnson & Johnson

$132.03

0.21 (0.16%)

07:02
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07:02
Hot Stocks
Halozyme: Janssen submits extension application to EMA for DARZALEX »

Halozyme (HALO) announced…

HALO

Halozyme

$16.79

0.03 (0.18%)

JNJ

Johnson & Johnson

$132.03

0.21 (0.16%)

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CLF

Cleveland-Cliffs

$10.88

-0.11 (-1.00%)

07:02
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Earnings
Cleveland-Cliffs reports Q2 EPS 57c, consensus 52c »

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KBR

KBR

$25.28

0.36 (1.44%)

07:01
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KBR rating change  »

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  • 06

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ROK

Rockwell Automation

$159.17

-0.78 (-0.49%)

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SXT

Sensient

$70.77

-0.48 (-0.67%)

07:00
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Earnings
Sensient lowers 2019 adjusted EPS view to down 8%-9% from down 4%-7% »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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Microsoft analyst commentary  »

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BLK

BlackRock

$474.98

4.06 (0.86%)

06:58
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BlackRock CEO: Trend in China continues to be downward »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

06:57
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  • 03

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CNK

Cinemark

$36.46

-1.31 (-3.47%)

06:57
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06:57
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Initiation
Cinemark initiated  »

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SXT

Sensient

$70.77

-0.48 (-0.67%)

06:56
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Earnings
Sensient reports Q2 EPS 81c, consensus 82c »

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  • 19

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EYE

National Vision

$32.05

0.35 (1.10%)

06:56
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Hot Stocks
National Vision names Melissa Rasmussen as Chief Accounting Officer »

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CRWD

Crowdstrike

$72.75

1.77 (2.49%)

06:55
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