This Bank Says Boston Beer Stock Is Worth $440
Shares of Boston Beer (NYSE: SAM) are far from frothy and have plenty of upside potential, according to UBS.
The investment bank upgraded Boston Beer's stock from neutral to buy on Tuesday. Analyst Sean King also lifted his target price from $415 to $440, due in part to strong growth in the alcoholic beverage maker's seltzer business.
Hard seltzer has quickly become Boston Beer's most important product. Image source: Boston Beer.
Source Fool.com
