Barclays analyst Laurence Whyatt raised the firm’s price target on AB InBev (BUD) to EUR 85 from EUR 76 and keeps an Overweight rating on the shares as part of a Q3 earnings preview. The firm believes the quarter will likely show weak volume and margin, but with strong buyback potential.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BUD:
- Netflix Stock (NFLX) Falls as Elon Musk Calls for Boycott of the Streaming Service
- Anheuser Busch InBev SA/NV: Buy Rating Backed by Positive Outlook Amid Cyclical Challenges and Re-Rating Opportunities
- AB InBev price target lowered to $74 from $80 at Jefferies
- Now Streaming: Kimmel returns to the air as Disney+ prices go up
- Anheuser-Busch to invest $7.4M in Los Angeles brewery