Analysts with Goldman Sachs tag Boston Beer (SAM -5.9%) with a harsh downgrade to Sell from...

|About: Boston Beer Co. (SAM)|By:, SA News Editor

Analysts 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."