Ambev price target raised to $2.50 from $2 at Barclays

Barclays raised the firm’s price target on Ambev (ABEV) to $2.50 from $2 and keeps an Equal Weight rating on the shares. While Ambev has begun to set itself up to “combat” upcoming margin pressures in the coming quarters, in Q1 the company saw better than expected volumes, the analyst tells investors in a research note.