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Fly News Breaks for February 25, 2020
BUD
Feb 25, 2020 | 19:40 EDT
Goldman Sachs analyst Olivier Nicolai initiated coverage of AB InBev with a Neutral rating and $77 price target. The analyst believes that the company is able to regain its best-in-class status in the fast-moving consumer goods category given its global footprint, premium brand portfolio, and superior cash generation. However, Nicolai is also concerned with InBev's current macro headwinds, strong USD, and high leverage.