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SAM

Boston Beer

$382.92

-4.92 (-1.27%)

05:41
10/17/19
10/17
05:41
10/17/19
05:41

Boston Beer upgraded to Outperform from Market Perform at Cowen

Cowen analyst Vivien Azer upgraded Boston Beer to Outperform from Market Perform.

  • 29

    Oct

SAM Boston Beer
$382.92

-4.92 (-1.27%)

09/27/19
DBAB
09/27/19
INITIATION
Target $380
DBAB
Hold
Boston Beer initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Steve Powers started Boston Beer with a Hold rating and $380 price target. The analyst believes Boston Beer, behind its Twisted Tea and Truly Hard Seltzer brands, as being well positioned to benefit from a "growing and seemingly sustainable" consumer trend towards flavored malt beverages. Further, the analyst, views the recent pullback in the shares as overdone. However, longer term, Powers has reservations about the ability of the Truly brand to stand out against category leader White Claw as well as as well as still-to-come competitive offerings. He also has structural concerns about Boston Beer's namesake beer business.
10/04/19
UBSW
10/04/19
UPGRADE
Target $390
UBSW
Neutral
Boston Beer upgraded to Neutral from Sell at UBS
UBS analyst Sean King upgraded Boston Beer to Neutral from Sell with a price target of $390, up from $305. The analyst has greater confidence in the company's fiscal 2020 sales growth story "flowing through to earnings growth." Announcements of competitive threats in hard seltzer justified the stock's "derating" late summer, leaving fundamentals to drive sentiment, King tells investors in a research note. The analyst says Truly's "stellar growth" in fiscal 2019 failed to translate into meaningful earnings growth year-to-date as the company's heavy reliance on co-packers weighed on margins. However, he believes that this headwind will ease into fiscal 2020 with greater internal capacity coming.
10/04/19
10/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Brian Nowak saying he acknowledges that in the year-to-date he has underestimated Snap's stronger execution and ability to drive growth. 2. Charter (CHTR) upgraded to Overweight from Sector Weight at KeyBanc with analyst Brandon Nispel saying he believes Charter remains well positioned to benefit from increased penetration rates in broadband, higher download speed take rates to drive broadband prices higher, and an overall mix shift to higher-margin "Growth Business." 3. Boston Beer (SAM) upgraded to Neutral from Sell at UBS with analyst Sean King saying he has greater confidence in the company's fiscal 2020 sales growth story "flowing through to earnings growth." 4. Hub Group (HUBG) upgraded to Overweight from Neutral at JPMorgan. 5. Tandem Diabetes (TNDM) upgraded to Buy at UBS with 33% upside potential with analyst Matthew Taylor saying while he understands concerns about slowing growth on tough comps, he sees "several sources of growth" that should allow Tandem to deliver upside to consensus in 2020 and beyond. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/19
SBSH
10/11/19
UPGRADE
Target $448
SBSH
Buy
Boston Beer upgraded to Buy from Neutral at Citi
Citi analyst Wendy Nicholson upgraded Boston Beer to Buy from Neutral with a price target of $448, up from $394. The hard seltzer category continues to grow at a "rapid clip," or up 200% year-to-date, Nicholson tells investors in a research note. While the analyst expects there could be some slowdown as we enter the cooler months, she believes the hard seltzer category will continue to grow at a double-digit rate for "as far as we can see." Nicholson admits, however, that Boston Beer's Truly brand will likely continue to donate some market share as the category becomes increasingly fragmented.

TODAY'S FREE FLY STORIES

PRGX

PRGX Global

$4.86

-0.17 (-3.38%)

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DS

Drive Shack

$4.13

0.14 (3.51%)

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  • 12

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NBTB

NBT Bancorp

$40.54

-0.07 (-0.17%)

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MO

Altria Group

$46.40

-0.01 (-0.02%)

09:13
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Periodicals
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  • 30

    Jan

DHI

D.R. Horton

$52.65

1.535 (3.00%)

09:12
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Earnings
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  • 12

    Nov

BNPQY

BNP Paribas

$0.00

(0.00%)

09:12
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AYR

Aircastle

$32.29

0.01 (0.03%)

, ERJ

Embraer

$17.10

-0.22 (-1.27%)

09:12
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AYR

Aircastle

$32.29

0.01 (0.03%)

ERJ

Embraer

$17.10

-0.22 (-1.27%)

03/08/13
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  • 12

    Nov

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    Nov

SWKS

Skyworks

$100.37

-0.08 (-0.08%)

, QRVO

Qorvo

$102.31

-1.68 (-1.62%)

09:12
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Skyworks, Qorvo analyst commentary  »

Skyworks price target…

SWKS

Skyworks

$100.37

-0.08 (-0.08%)

QRVO

Qorvo

$102.31

-1.68 (-1.62%)

03/08/13
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  • 12

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DHI

D.R. Horton

$52.65

1.535 (3.00%)

09:11
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11/12
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Earnings
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Sees Q1 homes closed…

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  • 12

    Nov

PHG

Philips

$44.30

0.02 (0.05%)

09:10
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NDAQ

Nasdaq

$102.53

1.97 (1.96%)

09:10
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  • 19

    Nov

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Conference/Events
RBC Capital to hold a conference »

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NDAQ

Nasdaq

$102.53

1.97 (1.96%)

09:09
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  • 19

    Nov

AMRN

Amarin

$16.90

-0.58 (-3.32%)

, LTS

Ladenburg Thalmann

$2.82

-0.055 (-1.91%)

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$16.90

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LTS

Ladenburg Thalmann

$2.82

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BREW

Craft Brew

$7.33

0.06 (0.83%)

CRON

Cronos Group

$8.08

-0.435 (-5.11%)

ROK

Rockwell Automation

$180.00

2.25 (1.27%)

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1.535 (3.00%)

CBS

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$39.21

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TSN

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$82.70

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FLNT

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SLDB

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FIVN

Five9

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  • 12

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TTWO

Take-Two

$119.68

2.84 (2.43%)

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  • 12

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DSX

Diana Shipping

$3.52

-0.16 (-4.35%)

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  • 02

    Dec

FIVN

Five9

$61.68

1.06 (1.75%)

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  • 12

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XBIT

XBiotech

$11.12

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09:05
11/12/19
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General news
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ADSK

Autodesk

$152.73

-0.24 (-0.16%)

09:04
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  • 26

    Nov

CME

CME Group

$198.52

0.41 (0.21%)

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MBII

Marrone Bio

$1.28

-0.01 (-0.78%)

09:02
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Marrone Bio announced results for 2019 field trials for MBI-015 bioherbicide »

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  • 12

    Nov

CELG

Celgene

$109.56

0.06 (0.05%)

09:02
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  • 04

    Dec

  • 07

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  • 25

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  • 04

    Apr

DXC

DXC Technology

$29.39

-0.69 (-2.29%)

09:02
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