Morgan Stanley analyst Sarah Simon has maintained their bullish stance on 0RJI stock, giving a Buy rating today.
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Sarah Simon’s rating is based on Anheuser Busch InBev’s strong financial performance in the first quarter, which exceeded market expectations in several key areas. The company reported organic sales growth and EBITDA that were both above consensus estimates, demonstrating robust operational efficiency and effective cost management. This performance was achieved despite several external challenges, such as adverse weather conditions and market disruptions in the US and China.
Furthermore, the company’s earnings per share significantly surpassed expectations, aided by lower financing costs and tax rates. Anheuser Busch InBev also showcased impressive growth in its non-alcoholic portfolio, particularly with the Corona Cero brand. These factors collectively suggest a positive outlook for the company’s future financial performance, justifying the Buy rating.
In another report released today, RBC Capital also maintained a Buy rating on the stock with a €77.00 price target.