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Boston Beer ( NYSE:SAM – Get Free Report ) updated its FY24 earnings guidance on Friday. The company provided earnings per share guidance of $8.00-$10.00 for the period, compared to the consensus earnings per share estimate of $9.73. Analyst Ratings Changes Several brokerages have recently commented on SAM. Jefferies Financial Group lowered shares of Boston Beer from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $355.00 to $325.00 in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price target on Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. UBS Group lifted their price objective on Boston Beer from $300.00 to $309.00 in a research note on Thursday, October 24th. Roth Mkm reissued a “buy” rating and set a $389.00 target price on shares of Boston Beer in a research note on Wednesday, October 23rd. Finally, Needham & Company LLC began coverage on Boston Beer in a report on Friday, December 6th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $314.82. Get Our Latest Stock Report on Boston Beer Boston Beer Stock Down 0.4 % Boston Beer Company Profile ( Get Free Report ) The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names. Featured Stories Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.com's FREE daily email newsletter .Johns Hopkins, Salisbury football advance to NCAA DIII quarterfinals
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New Delhi: Industry body CII in its budget suggestions for 2025-26 has recommended lowering the excise duty on fuel to boost consumption, especially at the lower income level, arguing that fuel prices significantly drive inflation. The budget could also consider reducing marginal tax rates for personal income up to Rs 20 lakh per annum. This would help trigger the virtuous cycle of consumption, higher growth and higher tax revenue, said CII. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for Asserting that the gap between the highest marginal rate for individuals at 42.74 per cent and the normal Corporate Tax Rate at 25.17 per cent, is high, it said, inflation has reduced the buying power of lower and middle-income earners. "The central excise duty alone accounts for approximately 21 per cent of the retail price for petrol and 18 per cent for diesel. Since May 2022, these duties have not been adjusted in line with the approximately 40 per cent decrease in global crude prices. Lowering excise duty on fuel would help reduce overall inflation and increase disposable incomes," the industry body said. Chandrajit Banerjee, Director General, CII, said domestic consumption has been critical to India's growth story, but inflationary pressures have somewhat eroded the purchasing power of consumers. "Government interventions could focus on enhancing disposable incomes and stimulating spending to sustain economic momentum. Persistent food inflationary pressures particularly impinge upon low-income rural households who allocate larger share to food in their consumption basket", he added. 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In its pre-budget proposals, CII has also recommended an increase in the daily minimum wage under the MGNREGS from Rs 267 to Rs 375 as suggested by the 'Expert Committee on Fixing National Minimum Wage' in 2017, with the industry body estimating that this will entail an additional expenditure of Rs 42,000 crore. Further, it urged the government to raise the annual payout under the PM-KISAN scheme from Rs 6,000 to Rs 8,000. Assuming 10 crore beneficiaries, this will entail an additional expenditure of Rs 20,000 crore, CII said. The Confederation of Indian Industry (CII) also sought an increase in the unit costs under the PMAY-G and PMAY-U schemes, which have not been revised since the scheme's inception. The CII suggested the introduction of consumption vouchers, targeted at low-income groups to stimulate demand for specified goods and services over a designated period. The vouchers could be designed to be spent on designated items (specific goods and services) and could be valid for a designated time (like 6-8 months), to ensure spending. The beneficiary criteria can be defined as Jan-Dhan account holders who are not beneficiaries of other welfare schemes. Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )LOVE Island star Tasha Ghouri faced a tough night on Strictly Come Dancing as the judges delivered brutal feedback following a blunder. Tasha landed in the dance-off last week, and tonight her semi-final Salsa routine failed to impress the judges. 4 Tasha Ghouri and her professional partner Aljaž Škorjanec are one of the strongest couples in Strictly Come Dancing 4 The judges refused to go easy on the couples 4 Tasha came under fire from the judges over her first dance of the semi-final Credit: PA The reality TV beauty, 25, delivered a high-energy performance to Girls Aloud’s hit Something New, but left the judges wincing. The star, who has wowed audiences with her moves all season, appeared visibly upset after the routine didn’t go as planned. Judge and former pro Anton Du Beke didn’t hold back, telling her: "It's got to be absolutely seamless, and it wasn't. "There were transitions there that were a bit stumbly. We are talking about the semi-final here" while head judge Shirley Ballas added: "There was a tiny thing, your transitions in your lift." Craig Revel Horwood added: "You need to dance out of every transition smoothly and out of it. That didn't really happen tonight." Motsi Mabusetold her: "That beginning was insane, out of this world. I understand what the other judges are talking about but we are talking about levels of lifts here." Viewers took to social media to defend the star, with many praising her dance. Tasha's semi-final opener won her 35 points. Most read in Showbiz TELLY TRAGEDY The Scheme star dies aged 61 as tributes pour in for 'lovely man' FOOD FOR THOUGHT Joe Swash begs for MasterChef job after Gregg Wallace exits BBC show lucky escape Joe Swash in terrifying car crash as he reveals vehicle was hit by a LORRY lookalike son Nepo-baby DJ poses behind the decks - but can you guess his Britpop star dad? She managed to pull it back for her second dance, and was awarded a perfect score for her waltz to Aretha Franklin's romantic ballad You Make Me Feel Like A Natural Woman. However, after finding herself in the dreaded dance-off last week fans were worried it wouldn't be enough. Pete Wicks' 'kisses' Jowita on Strictly as he fuels romance rumours after Maura Higgins leaves the I'm A Celeb jungle They also accused the judges of picking holes in her performance while awarding high scores for her fellow contestants. One fan tweeted: "Worried though since her Salsa got no 10’s... just hoping if she’s in the dance-off it’s against Pete rather than JB (won’t be Chris or Sarah). PLEASE VOTE FOR TASHA!" Another said: "I’m still mad about Tasha’s salsa score because worse dances this season has got 10s, but you’re telling me that didnt... do me a favour." A third said: "If Tasha’s salsa was a 9, Chris’ Charleston was a 6, blind or not it doesn’t matter, they’re all judged equally (apparently)." Tasha will now rely on the public vote to secure her place in the grand finale. 4 She danced to Girls Aloud hit Something New with pro Aljaž
