Goldman Sachs lowered the firm’s price target on Boston Beer to $250 from $257 and keeps a Sell rating on the shares. The analyst is “incrementally more positive” on Molson Coors and Constellation Brands (STZ), and incrementally negative on Boston Beer (SAM), based on feedback from the firm’s beer distributor contacts. Distributors report momentum starting to slow for Twisted Tea in the last few months as new competitors flood the hard tea category, the analyst tells investors in a research note.
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