Goldman PT catches up to Boston Beer's price


Goldman Sachs hikes its PT on Boston Beer (SAM -0.5%) to $233 from $180 and reiterates a Neutral rating.

Goldman is playing catch up, as SAM has climbed 128.8% in the last year and rests above even the firm's new PT. Analyst Judy Hong sees "continued strong growth for Angry Orchard and sustained improvement for [Samuel Adams'] beer portfolio." However, Hong believes the "valuation is already stretched versus other consumer/retail growth peers."

 
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  • chopchop0
    , contributor
    Comments (5065) | Send Message
     
    Please GS, please continue to be wrong on this stock. It's almost as bad as S&P rating Visa (V) a hold back when it was trading at $65 lol.

     

    $SAM at $250 today!
    20 Sep 2013, 10:23 AM Reply Like
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