Jefferies analyst Ed Mundy has maintained their bullish stance on 0RJI stock, giving a Buy rating on September 25.
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Ed Mundy has given his Buy rating due to a combination of factors that indicate potential for Anheuser Busch InBev SA/NV’s stock to perform well in the future. Despite the anticipated challenges in the near term, such as pressures in key markets like China, Brazil, and Mexico, Mundy sees a positive outlook as these cyclical issues are expected to ease, leading to potential volume growth.
Furthermore, the company is positioned for a two-stage re-rating opportunity. The first stage is expected to occur with financial results aligning with guidance, and the second stage as investor confidence in medium-term growth increases, particularly in volume growth and cash returns. Additionally, the company’s improved free cash flow generation and reduced net debt provide flexibility for increased shareholder returns, such as potential share buybacks, which further supports the Buy rating.
In another report released on September 25, Goldman Sachs also maintained a Buy rating on the stock with a €72.00 price target.