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Fly News Breaks for March 4, 2020
BUD, MO
Mar 4, 2020 | 08:52 EDT
BofA analyst Lisa Lewandowski lowered the firm's price target on Altria Group (MO) to $55 from $58 and keeps a Buy rating on the shares after the firm downgraded Anheuser-Busch InBev (BUD) to Neutral, noting that Altria owns 10.1% of Anheuser-Busch. Lewandowski tells investors in a research note that tough comps and coronavirus are expected to weight on Anheuser-Busch. On Altria, Lewandowski says she sees the company as best positioned to manage changes in the U.S. tobacco category given its "total tobacco" strategy, which gives Altria flexibility as the market evolves.
News For MO;BUD From the Last 2 Days
MO
Jul 6, 2022 | 12:01 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
MO
Jul 6, 2022 | 08:55 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Resolute... To see the rest of the story go to thefly.com. See Story Here
BUD
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.
BUD
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.