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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 05:23 EDT
BofA analyst Paul Steegers downgraded AB InBev to Neutral from Buy with a price target of ZAR 976, down from ZAR 1,585. The analyst believes near-term headwinds, specifically in Brazil, will cut the company's organic EBITDA growth to 4.3% in Q1. Tough compares, a challenging macro economic environment and uncertainty related to the coronavirus outbreak indicates limited valuation upside for AB InBev, Steegers tells investors in a research note.
News For BUD From the Last 2 Days
Jul 5, 2022 | 12:07 EDT
Deutsche Bank analyst Mitch Collett lowered the firm's price target on AB InBev to EUR 73 from EUR 74 and keeps a Buy rating on the shares.
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.