Piper Sandler analyst Michael Lavery lowered the firm’s price target on Boston Beer (SAM) to $230 from $240 and keeps a Neutral rating on the shares. The firm is updating its Boston Beer model on incremental aluminum tariff costs that it had not yet included in its estimates. Piper estimates about 93% of the company’s sales are from canned beverages. The firm estimates a potential 9% annualized EPS headwind but expects there to be offsets.
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