Goldman PT catches up to Boston Beer's price

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

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."