Boston Beer -3% after Jefferies downgrade

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

Jefferies lowers Boston Beer (NYSE:SAM) to an Underperform rating from Hold on its view that the company faces stiffer competition in the alcoholic seltzer drink category.

The analyst team drops the price target on SAM to $332 from $360. The sell-side consensus PT is $360.00.

Shares of Boston beer are down 2.60% premarket to $427.00.

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