Wells Fargo raised the firm’s price target on AB InBev (BUD) to $85 from $75 and keeps an Overweight rating on the shares. The firm marks to market its model factoring global consumption roll-ups, moves in FX and factoring latest company commentary. Wells was bullish AB InBevin November and while shares have run, it sees opportunity still.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BUD:
- Super Bowl Stocks to Watch This Weekend
- Lamb Weston CFO Bernadette Madarieta to depart, James Gray to succeed
- AB InBev Reclaims Full Ownership of US Metal Container Plants in $2.9 Billion Deal
- AB InBev price target raised to EUR 69 from EUR 64 at BofA
- Heineken CEO Dolf van den Brink Resigns as Beer Sales and Shares Falter