---
title: "研究警報：CFRA 維持對波士頓啤酒公司股票的持有評級"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/285100584.md"
description: "CFRA 對波士頓啤酒公司（SAM）股票維持持有評級，將 12 個月目標價下調 5 美元至 230 美元，原因是增長預期減弱。在 SAM 第一季度業績未達預期和下調銷量指引後，2026 年和 2027 年的調整後每股收益預期也有所下調。儘管在實現盈利指引方面面臨挑戰，但預計即將到來的活動將推動消費增長。SAM 的資產負債表依然強勁，淨現金為 1.29 億美元，毛利率為 49.3%，但 CFRA 認為飲料行業有更好的投資機會"
datetime: "2026-05-04T16:45:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285100584.md)
  - [en](https://longbridge.com/en/news/285100584.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285100584.md)
---

# 研究警報：CFRA 維持對波士頓啤酒公司股票的持有評級

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:

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.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

### 相關股票

- [SAM.US](https://longbridge.com/zh-HK/quote/SAM.US.md)

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