- Deutsche Bank analyst Steve Powers has raised the price target of Boston Beer Company Inc (NYSE: SAM) from $656 to $835. These are the details.
Deutsche Bank analyst Steve Powers has raised the price target of Boston Beer Company Inc (NYSE: SAM) from $656 to $835. And Powers is also keeping a “Hold” rating on the shares.
Powers is expecting Boston Beer Company to report solid Q3 results with a bias towards the upside rather than the consensus expectations for EBIT margin and earnings.
Deutsche Bank is not the only financial firm to offer bullish price targets for Boston Beer Company recently. Guggenheim Securities recently increased its price target for Boston Beer Company from $977 to $1,142. MKM Partners recently increased its price target from $353 to $780. And Citigroup recently increased their price target from $815 to $1,015.
Boston Beer is known as being a leader in malt beverages, craft beer, hard cider, and hard seltzer. The company is known for brands like Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer.