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Fly News Breaks for September 6, 2019
BUD, BREW
Sep 6, 2019 | 07:38 EDT
BMO Capital analyst Amit Sharma lowered his price target on Craft Brew (BREW) to $10 and kept his Market Perform rating, saying he sees "little likelihood" of a material stock price recovery after AB InBev (BUD) passed on fully acquiring the company. The analyst notes that while its management indicated that all strategic options are still on the table, he sees the potential for shareholder-friendly outcome as "unlikely".
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