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Fly News Breaks for February 5, 2018
BUD, BREW
Feb 5, 2018 | 17:43 EDT
As reported earlier, BMO Capital Amit Sharma initiated Craft Brew (BREW) with a Market Perform rating and a price target of $19 as part of his broader research note on Alcoholic Beverage industry. Sharma adds that the company is already trading "well above" its standalone value of $13 per share and sees less than 50% chance of an acquisition by Anheuser-Busch (BUD) - a stakeholder with 31.5% share and an option to acquire the company at $23.25 before August of this year.
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