Boston Beer Inc. (SAM)

[jimmybob]

Boston Beer Company (SAM) rose to new all-time highs after Nomura put a buy rating on the stock. Nomura initiated the buy rating because of the company's history of innovation, its strength in the cider category and its potential to "increase revenues over the medium term by low double digits." Nomura analysts said they remain "cautious on global beer" but believe that the "craft beer segment is in good health." SAM will have to continue to release seasonal beers and new products to offset softness in its core Sam Adams lager business, but Nomura said its positive outlook on the future of craft beer in the U.S. makes it confident SAM could hit a target price of $320 . SAM gains 2.3% to $291.49