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Fly News Breaks for May 3, 2019
BUD, BREW
May 3, 2019 | 08:33 EDT
Maxim analyst Anthony Vendetti assumed Craft Brew Alliance (BREW) with a Buy rating and a price target of $21, saying he expects the company's revenue to accelerate in 2019 thanks mostly to the increased marketing for its flagship Kona brand. The analyst also cites Craft Brew's relationship with InBev (BUD) and points to its option to make a qualifying acquisition offer at $24.50 per share by August 23rd.
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