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Fly News Breaks for November 12, 2019
BUD, BREW
Nov 12, 2019 | 07:53 EDT
Maxim analyst Stephen Anderson downgraded Craft Brew (BREW) to Hold from Buy with a price target of $16.50, up from $16, after yesterday's announcement that the company agreed to be acquired by Anheuser-Busch Inbev (BUD) for $321M, or $16.50 per share. The analyst believes that a higher bid from a rival is unlikely.
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