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Analysts with Goldman Sachs tag Boston Beer (SAM -5.9%) with a harsh downgrade to Sell from...
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Thursday, January 5, 2012, 10:35 AM ETAnalysts with Goldman Sachs tag Boston Beer (SAM -5.9%) with a harsh downgrade to Sell from Neutral, implying they see 7% downside for shares with a new price target of $98 in play. "We believe investors are overpaying for SAM's sales growth, which is predominantly being driven by distribution gains on Twisted Tea while SAM's core beer brand portfolio growth is slowing."
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