Stifel Nicolaus maintained Anheuser-Busch InBev BUD with a Buy rating and raised the price target from $94.00 to $112.00.
Stifel Nicolaus analyst Mark Swartzberg noted, "We caught up with CFO Felipe Dutra yesterday and found our discussion of potential Modelo revenue synergies, U.S. innovation, Brazil, and capital allocation especially helpful. We revise our estimates, lift our target to $112 per share, and expect clarity on the proposed Modelo transactions (extension of stay, or DOJ consent, or litigation) by Tuesday, when the stay of all U.S. litigation proceedings expires."
Anheuser-Busch InBev closed at $95.83 on Tuesday.
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