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Fly News Breaks for October 28, 2019
BUD
Oct 28, 2019 | 07:35 EDT
Guggenheim analyst Laurent Grandet lowered his price target for AB InBev to $106 from $114 following the company's "softer than expected" Q3 results. The analyst, however, remains positive on the shares. He says AB InBev remains one of the "most attractive growth algorithms in the space" with continued optionality for acquisitions given the recently completed initial public offering in Asia Pacific. Grandet recommends investors accumulate shares, especially on weakness, and keeps a Buy rating on the name.
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