UPDATE: Stifel Nicolaus Increases Target to $75 on Anheuser-Busch InBev

Stifel Nicolaus raises its price target on Buy-rated Anheuser-Busch InBev

ahead of the company's Q4 earnings call. Stifel Nicolaus says, "BUD is scheduled to release 4q earnings on Thursday, March 8, 2012. We discuss quarterly performance metrics in the body of this note and lift our 2012 and 2013 estimates for FX and Brazil (31% of EBITDA). We also lift our target to $75 per share (10.6x 2013E EBITDA of $18,132M) from $67 per share for higher estimates and declining equity risk (e.g., material dividend increases) and are likely to view selling on the quarter (the shares have been strong since release of 3q), if any, as an added buying opportunity." BUD closed at $68.42 a share on Thursday.