As previously reported, Argus upgraded AB InBev (BUD) to Buy from Hold with a $70 price target The company recently reported Q4 results that beat consensus expectations and management has signaled confidence with a 22% dividend increase, notes the analyst, who likes management’s efforts to drive margin and earnings growth and has confidence in the company’s ability to “leverage its megabrands,” which accounted for 57% of total revenue in 2024.
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