Evercore ISI raised the firm’s price target on Boston Beer to $325 from $310 and keeps an In Line rating on the shares. A “solid” Q1, including gross margin upside and flat depletions should drive the stock higher, but the firm expects Boston Beer to remain a battleground stock over the coming months as investors grapple with a wide range of potential outcomes for Truly Hard Seltzer, Twisted Tea and further gross margin improvement, the analyst tells investors.
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