Analysts fell to the sidelines weighing in on Boston Beer (SAM) and Albemarle Corp (ALB) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Boston Beer (SAM)
Berenberg Bank analyst Javier Gonzalez Lastra maintained a Hold rating on Boston Beer on February 21 and set a price target of $280. The company’s shares closed yesterday at $304.42, close to its 52-week high of $329.95.
According to TipRanks.com, Lastra is a 1-star analyst with an average return of -6.4% and a 50.0% success rate. Lastra covers the Consumer Goods sector, focusing on stocks such as Molson Coors, Heineken NV, and Diageo plc.
Currently, the analyst consensus on Boston Beer is a Hold with an average price target of $289.80, representing a -4.8% downside. In a report issued on February 21, Macquarie also upgraded the stock to Hold with a $275 price target.
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Albemarle Corp (ALB)
In a report issued on February 21, Sebastian Bray from Berenberg Bank maintained a Hold rating on Albemarle Corp, with a price target of $90. The company’s shares closed yesterday at $91.57.
According to TipRanks.com, Bray is ranked #4086 out of 5203 analysts.
Currently, the analyst consensus on Albemarle Corp is a Moderate Buy with an average price target of $107.96, implying a 17.9% upside from current levels. In a report issued on February 22, Nomura also maintained a Hold rating on the stock with a $89 price target.
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