Eric Serotta News Today

The Boston Beer Company, Inc. beats earnings expectations. Reported EPS is $1.04, expectations were $0.08. The Boston Beer Company, Inc.

(Bloomberg) -- Morgan Stanley downgraded the maker of Jack Daniel’s whiskey to a hold-equivalent rating on Monday, citing weaker-than-expected demand for spirits after strong growth during the Covid-19 pandemic. Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual VerdictsEvergrande Set for Liquidation as China Property...

Operator: Greetings, and welcome to Celsius Third Quarter 2023 Financial Results. [Operator Instructions]. As a reminder, this conference is being recorded.

Morgan Stanley analyst Eric Serotta reiterated an Underweight rating on the shares of Boston Beer Company Inc (NYSE: SAM) and 

Morgan Stanley analyst Eric Serotta reiterated an Underweight rating on the shares of Boston Beer Company Inc SAM and raised the price target from $270 to…

Analyst Eric Serotta double upgraded shares to overweight from underweight. He also raised his price target to $75 from $66, implying 12% upside.

Morgan Stanley said a sizeable demographic representing a disproportionate share of food consumption will be changing their habits due to weight loss drugs.

Operator: Good day, and welcome to the Molson Coors Beverage Company Second Quarter Fiscal Year 2023 Earnings Conference Call.

Operator: Greetings, and welcome to The Boston Beer Company Second Quarter 2023 Earnings Call. At this time, all participants are in a listen only mode.

Operator: Greetings and welcome to the Boston Beer Company’s First Quarter 2023 Earnings Call. As a reminder, this conference is being recorded.