<div id="readability-page-1"><p>12:45 PM EDT, 05/04/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We lower our 12-month target by $5 to $230, based on a 2027 P/E of 21.9x, a steep discount to SAM's historical average forward P/E multiple on weaker growth expectations. We lower our adjusted EPS estimates to $8.80 from $9.30 for 2026 and to $10.50 from $10.75 for 2027. Following SAM's Q1 earnings release, we lower our estimates and price target and maintain a Hold opinion on the shares. SAM's Q1 earnings fell short of consensus, and the company lowered its 2026 volume guidance but left 2026 adjusted EPS guidance unchanged. In our view, SAM could be challenged to hit the earnings guidance and we think the company will continue to struggle from a volume perspective in the face of weak demand. One silver lining is an expected uptick in consumption from World Cup and USA 250 events. We also like SAM's balance sheet ($129M of net cash at the end of Q1) and robust gross margins (49.3% in Q1), but we see more compelling opportunities across the beverage space at current levels.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

波士顿啤酒

<p>CFRA 对波士顿啤酒公司（SAM）股票维持持有评级，将 12 个月目标价下调 5 美元至 230 美元，原因是增长预期减弱。在 SAM 第一季度业绩未达预期和下调销量指引后，2026 年和 2027 年的调整后每股收益预期也有所下调。尽管在实现盈利指引方面面临挑战，但预计即将到来的活动将推动消费增长。SAM 的资产负债表依然强劲，净现金为 1.29 亿美元，毛利率为 49.3%，但 CFRA 认为饮料行业有更好的投资机会</p>

研究警报：CFRA 维持对波士顿啤酒公司股票的持有评级