Cowen & Co. raised the price target on The Boston Beer Company, Inc. (NYSE: SAM) from $400 to $500. Boston Beer shares rose 1% to $465.20 in pre-market trading.
Steven Madden (NASDAQ:SHOO) reported quarterly earnings of $0.82 per share which beat the analyst consensus estimate of $0.76 by 7.89 percent. This is a 110.26 percent increase over earnings of $0.39 per share from the
Companies Reporting Before The Bell
• R.R.Donnelley & Sons (NYSE:RRD) is likely to report quarterly earnings at $0.32 per share on revenue of $1.19 billion.
Steven Madden, Ltd. (NASDAQ: SHOO)'s supply chain expertise and proactiveness in thwarting disruption are even more important in an “unprecedentedly difficult supply chain environment,” according to Jefferies.