Earlier this month
, the financial services company UBS downgraded Boston Beer Company stock to a “sell” rating.
A 19-page report cited slowing topline growth and an absence of new product innovation as the main considerations behind the new rating.
UBS analyst Kaumil Gajrawala explains to Bloomberg why Boston Beer suffers from the ‘innovators curse’ in the video below.
(H/T: Adam Nason, Beerpulse.com for the video find)