Fly News Breaks for May 22, 2019
May 22, 2019 | 07:23 EDT
Guggenheim analyst Laurent Grandet named Anheuser-Busch InBev (BUD) his sector Best Idea, replacing Coca-Cola (KO), citing his increased conviction in its U.S. growth following an investor seminar hosted by the company. The analyst, who also sees untapped "premiumization" opportunities and significant potential in emerging markets, raised his FY19, FY20 and FY21 EPS estimates for AB InBev but keeps an unchanged price target of $103 on the stock with a Buy rating.
News For BUD;KO From the Last 2 Days
Jun 25, 2019 | 12:30 EDT
American Dream announced a 10-year partnership with The Coca-Cola Company and its local bottling partner, Liberty Coca-Cola Beverages. "This multimillion-dollar program is an alliance between two global brands that will fully-integrate Coca-Cola's portfolio through dining, fashion, music, art and entertainment. American Dream is scheduled to open in Fall 2019 in East Rutherford, New Jersey, and it will include more than 450 retail, food and specialty shops, along with more than 15 entertainment offerings. The complex will be three million square feet and projects 40 million visitors annually," the development group for the project announced. Coca-Cola's integration throughout American Dream will feature bespoke events, an in-line social media storefront, Coca-Cola green rooms for VIPs and "Coca-Cola Eats," a branded dining destination that will seat approximately 800 guests.