** Brokerage Citigroup cuts PT on alcoholic beverage makers Boston Beer and Brown-Forman , citing slowing growth in certain categories
** Cuts SAM's PT to $290 from $335, maintains "neutral" rating
** SAM's revenue growth trajectory remains uncertain, especially with slowing trends in its Twisted Tea brand - brokerage
** Adds expects SAM's overall shipment volumes to be down in Q4 2024 and gross margin to be partially impacted by labor and commodity inflation
** Lowers PT on BFb to $39 from $46 citing slower growth in spirits category and tariff risk on the American whiskey category
** SAM fell about 13% last year, BFb was down about 33%
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.