Anheuser-Busch Is A Buy, Susquehanna Says
Susquehanna Financial Group upgraded Anheuser-Busch Inbev (NYSE: BUD) to Positive rating early Tuesday. Pablo Zuanic, analyst for Susquehanna also increased his price target for the brewing giant from $133 to $163 (22.56 percent increase).
The stock closed late Monday at $119.29 and shot up to $120 in the pre market session early Tuesday.
Pablo adds that there is indeed signs of continued growth for the U.S. beer market along with a better outlook for Brazil on a macro level and a better FX stability. He believes the brewing company has a “potential 40% EPS accretion.” Zuanic mentions that the purchase of SABMiller, the world’s second largest brewing company based on sales, is the “most likely transaction” in the near term. He concludes that “The Kraft Premium Represents a BUD Premium, and Not a 3G Premium.”
The stock has been steady, giving a return of about 9 percent over the past year.
Latest Ratings for BUD
|Oct 2016||Societe Generale||Downgrades||Buy||Hold|
|Oct 2016||Morgan Stanley||Assumes||Overweight|
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