USA, New York: Analyst Laurie Hahn of Deutsche Bank upgrades Boston Beer Company from "hold" to "buy," while raising his estimates for the company on January 12. The target price has been raised from US$25 to US$26.

In a research note published on January 12, the analyst mentions that channel checks suggest that the company would report its 4Q04 volumes ahead of the estimates. The analyst believes that Boston Beer would be an acquisition target this year. The EPS estimates for 2004 and 2005 have been raised from US$0.82 to US$0.86 and from US$0.95 to US$10.04, respectively.

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