Boston Beer price target raised to $311 from $300 at RBC Capital

RBC Capital analyst Nik Modi raised the firm’s price target on Boston Beer to $311 from $300 and keeps a Sector Perform rating on the shares. The company’s depletions were slightly better than consensus with continued weakness in Truly being partially offset by strength in Twisted Tea, but the stock will be in "show me" territory until there is more evidence of stabilization, the analyst tells investors in a research note.