Cowen & Co. analyst Vivien Azer downgrades Boston Beer Co (NYSE:SAM) from Market Perform to Underperform and lowers the price target from $825 to $400.
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Trading against the trend can be a very difficult way to generate returns in the market, yet there usually comes a time when a stock in a downtrend simply runs out of sellers.
When this occurs, the reversal can be sharp and deliver surprisingly strong alpha for portfolios.
One of the most popular carbonated soft drinks is getting entry into the fast-growing hard seltzer market thanks to a partnership between two beverage giants.