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Fly News Breaks for August 6, 2019
BUD
Aug 6, 2019 | 07:07 EDT
UBS analyst Nik Oliver downgraded AB InBev to Neutral from Buy while raising his price target for the shares to 94 euros from 81 euros. The recent rally in the shares has brought a fair valuation, Oliver tells investors in a research note. The analyst now sees a more balanced risk/reward amid increasing macro headwinds in AB InBev's in large markets. Further, he sees limited near-term acquisition opportunities for the company.
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