Boston Beer price target lowered to $349 from $364 at UBS

UBS analyst Peter Grom lowered the firm’s price target on Boston Beer to $349 from $364 and keeps a Neutral rating on the shares. Boston Beer reported a "challenging" Q1, as expected, and FY23 is still difficult to handicap, the analyst tells investors in a research note. The range of potential outcomes for FY23 remains wide, the firm says.