Analysts: Boston Beer Valuation Looks Stretched and 3 More Research Notes to Browse

Boston Beer (NYSE:SAM): Citigroup raised its price target for Boston Beer to $222 from $200, citing continued craft growth after the company’s analyst meeting. However, the firm keeps a Neutral rating on shares, as it believes the valuation looks stretched at current levels.

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Parker-Hannifin (NYSE:PH): Wells Fargo upgraded Parker-Hannifin to Outperform from Market Perform, as the firm sees strong earnings growth prospects following the company’s fourth-quarter results. Wells raised its price target range for shares to $115-$118 from $98-$101.

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Fossil (NASDAQ:FOSL): Citigroup downgraded Fossil to Neutral from Buy, citing valuation following the company’s second-quarter results. However, the firm raised its price target for shares to $135 from $125.

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Michael Kors (NYSE:KORS): Citigroup removed Michael Kors from its Top Picks Live list due to the recent rally in shares but has raised its price target for the name to $82 from $75 following the company’s second-quarter results. The firm keeps a Buy rating on the stock.

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