BUZZ-Citigroup cuts PT on Boston Beer, Brown-Forman citing slowing growth trends

Reuters

Jan 15, 2025

** 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.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2503179726"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2503179726\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2503179726?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-15 20:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2503179726","market":"us","top_or_hot":-1,"title":"BUZZ-Citigroup cuts PT on Boston Beer, Brown-Forman citing slowing growth trends","media":"Reuters","content":"<html><body><p>** Brokerage Citigroup cuts PT on alcoholic beverage makers Boston Beer    and Brown-Forman   , citing slowing growth in certain categories</p><p>   ** Cuts SAM's PT to $290 from $335, maintains \"neutral\" rating</p><p>   ** SAM's revenue growth trajectory remains uncertain, especially with slowing trends in its Twisted Tea brand - brokerage</p><p>   ** 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</p><p>   ** Lowers PT on BFb to $39 from $46 citing slower growth in spirits category and tariff risk on the American whiskey category</p><p>   ** SAM fell about 13% last year, BFb was down about 33% </p><p> (Reporting by Anuja Bharat Mistry in Bengaluru)</p><p>((AnujaBharat.Mistry@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Citigroup cuts PT on Boston Beer, Brown-Forman citing slowing growth trends</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Citigroup cuts PT on Boston Beer, Brown-Forman citing slowing growth trends\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-01-15 20:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>** Brokerage Citigroup cuts PT on alcoholic beverage makers Boston Beer    and Brown-Forman   , citing slowing growth in certain categories</p><p>   ** Cuts SAM's PT to $290 from $335, maintains \"neutral\" rating</p><p>   ** SAM's revenue growth trajectory remains uncertain, especially with slowing trends in its Twisted Tea brand - brokerage</p><p>   ** 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</p><p>   ** Lowers PT on BFb to $39 from $46 citing slower growth in spirits category and tariff risk on the American whiskey category</p><p>   ** SAM fell about 13% last year, BFb was down about 33% </p><p> (Reporting by Anuja Bharat Mistry in Bengaluru)</p><p>((AnujaBharat.Mistry@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4532","symbol_name":"文艺复兴科技持仓","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2503179726","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503179726","pubTimestamp":1736943459,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** 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%  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4532":"文艺复兴科技持仓","BK4166":"消费信贷","BK4158":"啤酒酿造商","BK4588":"碎股","BK4585":"ETF&股票定投概念","SAM":"波斯顿啤酒"},"translate_title":"BUZZ-花旗集团以增长趋势放缓为由削减波士顿啤酒和布朗福尔曼的PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAM":1,"PT":1},"content_text":"** 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))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}