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SAM

Boston Beer

$438.95

2.81 (0.64%)

08:48
09/03/19
09/03
08:48
09/03/19
08:48

Jefferies downgrades Boston Beer to Underperform on spiked seltzer risk

Jefferies analyst Kevin Grundy downgraded Boston Beer to Underperform from Hold and lowered his price target for the shares to $332 from $360. The analyst's consumer survey and web scrapes point to the potential for greater competitive intensity in the "rapidly growing" spiked seltzer category. He views Boston Beer's valuation as "stretched" given its competitive risk in hard seltzers.

  • 01

    Oct

SAM Boston Beer
$438.95

2.81 (0.64%)

08/07/19
MACQ
08/07/19
UPGRADE
Target $460
MACQ
Outperform
Boston Beer upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Caroline Levy upgraded Boston Beer to Outperform from Neutral and raised her price target for the shares to $460 from $420.
08/07/19
MACQ
08/07/19
UPGRADE
Target $460
MACQ
Outperform
Macquarie upgrades Boston Beer to Outperform, sees hard seltzer taking share
As previously reported, Macquarie analyst Caroline Levy upgraded Boston Beer to Outperform from Neutral following IRI data that showed sales were up 35% in the 4 weeks ended July 28, which she said confirmed the company's strong sales trends and continued momentum in its portfolio. Boston Beer generates about 30% of sales from hard seltzer, which is growing over 100% and which Levy expects will continue to take share from mainstream beer, she tells investors. The analyst, who said she believes "a lot of positive change is afoot" under newly appointed CEO Dave Burwick, raised her price target on Boston Beer shares to $460 from $420.
08/07/19
08/07/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. WW (WW) upgraded two notches to Buy from Underperform at BofA/Merrill and upgraded to Buy from Neutral at B. Riley FBR. 2. Boston Beer (SAM) upgraded to Outperform from Neutral at Macquarie with analyst Caroline Levy citing IRI data that showed sales were up 35% in the 4 weeks ended July 28, which she said confirmed the company's strong sales trends and continued momentum in its portfolio. 3. PPL Corp. (PPL) upgraded to Neutral from Underperform at BofA/Merrill with analyst Julien Dumoulin-Smith citing its Q2 earnings beat and backed expectations. 4. Dunkin' Brands (DNKN) upgraded to Buy from Hold at Argus with analyst John Staszak saying he sees the company growing its comps and accelerating its location openings with the positive view on the upgrades in store experience that includes drive-thru lines for mobile orders, brighter interior designs, espresso machines, digital order boards, and a coffee tap system. 5. Electronic Arts (EA) upgraded to Overweight from Neutral at Atlantic Equities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/03/19
JEFF
09/03/19
DOWNGRADE
Target $332
JEFF
Underperform
Boston Beer downgraded to Underperform from Hold at Jefferies
Jefferies analyst Kevin Grundy downgraded Boston Beer to Underperform from Hold and lowered his price target for the shares to $332 from $360.

TODAY'S FREE FLY STORIES

SAM

Boston Beer

$345.20

-6.42 (-1.83%)

09:03
09/23/19
09/23
09:03
09/23/19
09:03
Hot Stocks
Boston Beer, National Hockey League announce multiyear U.S. partnership »

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03/08/13
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  • 01

    Oct

LYFT

Lyft

$46.45

-0.84 (-1.78%)

, UBER

Uber

$32.52

-1.31 (-3.87%)

09:03
09/23/19
09/23
09:03
09/23/19
09:03
Recommendations
Lyft, Uber analyst commentary  »

Lyft should be bought on…

LYFT

Lyft

$46.45

-0.84 (-1.78%)

UBER

Uber

$32.52

-1.31 (-3.87%)

03/08/13
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03/06/13
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03/06/13
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  • 23

    Sep

SDXAY

Sodexo

$0.00

(0.00%)

09:03
09/23/19
09/23
09:03
09/23/19
09:03
Hot Stocks
Sodexo confirms 34% carbon emissions reduction target by 2025 »

Sodexo confirmed its…

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09:01
09/23/19
09/23
09:01
09/23/19
09:01
Conference/Events
UBS to hold a conference »

Future of Retail…

AJG

Arthur J. Gallagher

$88.78

-0.64 (-0.72%)

09:01
09/23/19
09/23
09:01
09/23/19
09:01
Hot Stocks
Arthur J. Gallagher acquires The Human Capital Group, terms not disclosed »

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NVDA

Nvidia

$172.68

-4.23 (-2.39%)

09:01
09/23/19
09/23
09:01
09/23/19
09:01
Recommendations
Nvidia analyst commentary  »

Nvidia price target…

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MNK

Mallinckrodt

$2.46

0.01 (0.41%)

, CHWY

Chewy

$26.44

-1.06 (-3.85%)

08:59
09/23/19
09/23
08:59
09/23/19
08:59
Hot Stocks
Fly Intel: Pre-market Movers »

HIGHER: Plus Therapeutics…

MNK

Mallinckrodt

$2.46

0.01 (0.41%)

CHWY

Chewy

$26.44

-1.06 (-3.85%)

ALV

Autoliv

$78.20

-1.06 (-1.34%)

PSTV

Plus Therapeutics

$7.96

-0.34 (-4.10%)

TELL

Tellurian

$8.69

0.105 (1.22%)

RKDA

Arcadia Biosciences

$5.29

-0.23 (-4.17%)

CLF

Cleveland-Cliffs

$7.73

-0.235 (-2.95%)

X

U.S. Steel

$10.81

-0.25 (-2.26%)

AKS

AK Steel

$2.41

-0.05 (-2.03%)

03/08/13
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  • 23

    Sep

  • 02

    Oct

  • 31

    Oct

ABMD

Abiomed

$193.14

0.48 (0.25%)

08:59
09/23/19
09/23
08:59
09/23/19
08:59
Hot Stocks
Federal Court of Justice in Germany rules in favor of Abiomed's Impella patents »

The highest court in…

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  • 13

    Nov

MU

Micron

$49.17

-0.65 (-1.30%)

08:58
09/23/19
09/23
08:58
09/23/19
08:58
Recommendations
Micron analyst commentary  »

Deutsche comfortable with…

03/08/13
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03/08/13
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  • 26

    Sep

CRUS

Cirrus Logic

$54.36

-0.59 (-1.07%)

, NXPI

NXP Semiconductors

$104.69

-3.74 (-3.45%)

08:55
09/23/19
09/23
08:55
09/23/19
08:55
Recommendations
Cirrus Logic, NXP Semiconductors, Texas Instruments analyst commentary  »

Teardown confirms Cirrus…

CRUS

Cirrus Logic

$54.36

-0.59 (-1.07%)

NXPI

NXP Semiconductors

$104.69

-3.74 (-3.45%)

TXN

Texas Instruments

$126.70

-2.1 (-1.63%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Sep

NFLX

Netflix

$270.66

-15.92 (-5.56%)

, ROKU

Roku

$107.98

-25.735 (-19.25%)

08:55
09/23/19
09/23
08:55
09/23/19
08:55
Options
Notable open interest changes for September 23rd »

Friday's total…

NFLX

Netflix

$270.66

-15.92 (-5.56%)

ROKU

Roku

$107.98

-25.735 (-19.25%)

BAC

Bank of America

$29.57

-0.23 (-0.77%)

AAPL

Apple

$217.69

-3.22 (-1.46%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Sep

  • 23

    Sep

  • 16

    Oct

  • 16

    Oct

SABR

Sabre

$23.11

0.12 (0.52%)

08:54
09/23/19
09/23
08:54
09/23/19
08:54
Hot Stocks
Sabre signs long-term agreement with Magnum Travel Services »

Sabre announced the…

03/08/13
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03/06/13
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03/06/13
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DG

Dollar General

$156.29

-0.66 (-0.42%)

08:53
09/23/19
09/23
08:53
09/23/19
08:53
Recommendations
Dollar General analyst commentary  »

Dollar General price…

03/08/13
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  • 25

    Sep

  • 30

    Sep

CLF

Cleveland-Cliffs

$7.73

-0.235 (-2.95%)

08:51
09/23/19
09/23
08:51
09/23/19
08:51
Downgrade
Cleveland-Cliffs rating change  »

JPMorgan downgrades…

03/08/13
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  • 23

    Sep

INPX

Inpixon

$0.13

0.0013 (0.98%)

08:50
09/23/19
09/23
08:50
09/23/19
08:50
Hot Stocks
Inpixon's Jibestream signs teaming agreement with IDENTOS »

Jibestream announced it…

03/08/13
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08:50
09/23/19
09/23
08:50
09/23/19
08:50
General news
NY Fed's repo results: Fed's repo totaled $65.75 B »

NY Fed's repo…

CGNX

Cognex

$48.20

-2.28 (-4.52%)

08:48
09/23/19
09/23
08:48
09/23/19
08:48
Recommendations
Cognex analyst commentary  »

Cognex price target…

03/08/13
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AA

Alcoa

$21.70

-0.26 (-1.18%)

, X

U.S. Steel

$10.81

-0.25 (-2.26%)

08:48
09/23/19
09/23
08:48
09/23/19
08:48
Downgrade
Alcoa, U.S. Steel, Commercial Metals, Nucor, Steel Dynamics, Stelco Holdings rating change  »

JPMorgan double…

AA

Alcoa

$21.70

-0.26 (-1.18%)

X

U.S. Steel

$10.81

-0.25 (-2.26%)

CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

NUE

Nucor

$52.62

-0.08 (-0.15%)

STLD

Steel Dynamics

$30.38

-0.32 (-1.04%)

STZHF

Stelco Holdings

$0.00

(0.00%)

03/08/13
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  • 23

    Sep

  • 16

    Oct

ABEO

Abeona Therapeutics

$3.26

-0.005 (-0.15%)

08:48
09/23/19
09/23
08:48
09/23/19
08:48
Hot Stocks
Abeona recieves clinical hold letter from FDA over Phase 3 trial for EB-101 »

Abeona Therapeutics…

03/08/13
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  • 02

    Oct

FNB

F.N.B.

$11.38

-0.045 (-0.39%)

08:47
09/23/19
09/23
08:47
09/23/19
08:47
Hot Stocks
F.N.B. announces $150M stock repurchase program »

F.N.B. announced that its…

03/08/13
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  • 13

    Nov

08:47
09/23/19
09/23
08:47
09/23/19
08:47
Hot Stocks
Resverlogix to present BETonMACE trial results at AHA Scientific Sessions »

Resverlogix announced the…

PRSP

Perspecta

$26.29

-0.005 (-0.02%)

08:46
09/23/19
09/23
08:46
09/23/19
08:46
Hot Stocks
Perspecta awarded $657M extension of NGEN contract with U.S. Dept. of Navy »

Perspecta announced that…

03/08/13
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03/06/13
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AAPL

Apple

$217.69

-3.22 (-1.46%)

08:45
09/23/19
09/23
08:45
09/23/19
08:45
Hot Stocks
Apple partners with Oprah Winfrey to bring Oprah's Book Club to Apple »

Apple and Oprah Winfrey…

03/08/13
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BYND

Beyond Meat

$155.23

0.19 (0.12%)

, HEXO

HEXO Corp

$4.37

0.425 (10.79%)

08:45
09/23/19
09/23
08:45
09/23/19
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

BYND

Beyond Meat

$155.23

0.19 (0.12%)

HEXO

HEXO Corp

$4.37

0.425 (10.79%)

FCAU

Fiat Chrysler

$13.52

-0.11 (-0.81%)

ABBV

AbbVie

$72.46

0.78 (1.09%)

QSR

Restaurant Brands

$72.64

-1.24 (-1.68%)

COTY

Coty

$10.17

-0.1 (-0.97%)

ADI

Analog Devices

$115.30

-0.72 (-0.62%)

NOK

Nokia

$5.30

0.145 (2.81%)

IMMU

Immunomedics

$16.60

-0.44 (-2.58%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Sep

  • 28

    Sep

  • 02

    Oct

  • 12

    Nov

08:45
09/23/19
09/23
08:45
09/23/19
08:45
General news
U.S. Chicago National Activity index rose 0.51 points to 0.10 in August »

U.S. Chicago National…

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