The Prudential analyst, Jeffrey Kanter, said projected earnings growth of 12% over the next five years could be a conservative forecast. He also said that new launch, Sam Adams Light, looked like a “winner”. Prudential has set a $20 price target on Boston Beer’s shares.
US: Prudential rates Boston Beer Company as “buy”
Prudential Securities has begun its coverage of Boston Beer Co. Inc., which includes the Sam Adams brand in its portfolio, with a "buy" rating.