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Fly News Breaks for February 20, 2020
Feb 20, 2020 | 04:45 EDT
JPMorgan analyst Celine Pannuti downgraded AB InBev to Underweight from Neutral with a $65 price target.
News For BUD From the Last 2 Days
Jul 5, 2022 | 05:58 EDT
Citi analyst Simon Hales upgraded AB InBev to Buy from Neutral with a EUR 62 price target. "For the first time in a while it is tough to construct a bear-case on" the company, Hales tells investors in a research note. The consistency of AB InBev's earnings delivery has improved significantly, increasing investor confidence in both execution capabilities and balance sheet deleverage, says the analyst. He says that with its debt-to-equity transition likely to take place over the next 12-months, the stock's risks are skewing to the upside.