The Boston Beer Company (NYSE: SAM) was downgraded by analysts at UBS AG from a “neutral” rating to a “sell” rating in a research report issued to clients and investors [last] Monday. They currently have a $96.00 price target on the stock, down from their previous price target of $103.00.
The stock is currently hovering around $106 per share in morning trading, about a 5% drop since opening at $112 per share last Monday morning.
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Breweries: The Boston Beer Company