Citi lowered the firm’s price target on Boston Beer to $315 from $350 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for the beverages and household and personal care group. The firm sees another quarter of gross margin upside but believes the market will not reward earnings beats on margins without solid sales and volume trends.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAM:
- GE Aerospace upgraded, AmEx downgraded: Wall Street’s top analyst calls
- Jim Beam Kentucky Coolers announces four new varieties
- Jim Beam Kentucky Coolers Welcomes Fresh Wave of Flavor with Four New Varieties
- Boston Beer price target lowered to $250 from $257 at Goldman Sachs
- Molson Coors upgraded to Buy from Neutral at Goldman Sachs
