Independence Day Revelry Optimism Fans Bets on Beer Stocks
- Constellation, Boston Beer, Molson Coors price targets lifted
- Hard seltzer sales slow overall as consumers head back to bars
Photographer: Tamir Kalifa/Getty Images
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Fourth of July means fireworks, barbeques and beer -- lots of beer -- and analysts are betting on the stocks of brewers as they push new flavors and high-end products ahead of the holiday.
The three largest U.S. beer companies by market capitalization -- Constellation Brands Inc., Boston Beer Co. and Molson Coors Beverage Co. -- have all rebounded from the hit they took at the start of the Covid-19 pandemic last year and analysts see room for more gains.