Business

Mass. Movers

Analyst upgrade boosts Boston Beer shares

Boston Beer Co. says it brews over 50 styles of beer.
istockphoto.com
Boston Beer Co. says it brews over 50 styles of beer.

A good review from a Goldman Sachs analyst lifted shares of Boston Beer Co. over the past week. Goldman analyst Judy Hong raised her rating on the Boston-based brewer to ‘‘neutral’’ from ‘‘sell,’’ and increased the price target on company shares to $162, from $141. Among the reasons cited for the rating upgrade, the success of the company’s Angry Orchard hard cider. Boston Beer Co. is perhaps best known for its Samuel Adams brand of beers.

Advertisement