E-Malt.com News article: USA: Boston Beer initiated with "neutral" by Banc of America
Analyst Bryan Spillane of Banc of America Securities initiates coverage of The Boston Beer Company with a "neutral" rating, the Banc of America posted on November 2. The target price is set to $25.
In a research note published yesterday, the analyst mentions that the company’s risk/reward is balanced. The analyst expects Boston Beer to generate 12% earnings growth in 2006, driven by potential stock buybacks, exposure to the super-premium beer segment and recent capacity expansion.
04 November, 2005