Boston Beer Gets a Buy Rating: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Boston Beer (NYSE: SAM) shareholders had a pretty good time in July, with a "beat and raise" quarter helping to lift the stock nearly 2% by the month's end.
Now, the bad news is that the sharp sell-off early this month had erased all its gains by Monday's close. But the good news is...one banker thinks Boston Beer will recover its losses -- and then some.
Quelle Fool.com
