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UPDATE: Goldman Sachs Downgrades Anheuser-Busch InBev to Sell on Valuation

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Goldman Sachs reduced its rating on Anheuser-Busch InBev (NYSE: BUD) from Neutral to Sell.

Goldman Sachs commented, "ABInBev's shares have outperformed staples and European brewers by 21% and 7% ytd, and now trades at a 4% and 12% premium on 12-month forward P/E and EV/EBITDA, respectively. The company scores in the second quartile (65%) in our GS SUSTAIN framework and we view it as well positioned in the context of consumer staples. However we believe the current valuation is stretched given weak operating performance and negative EBITDA revisions ytd."

Anheuser-Busch InBev closed at $86.09 on Tuesday.

Latest Ratings for BUD

DateFirmActionFromTo
Nov 2016InvestecDowngradesBuyHold
Oct 2016Societe GeneraleDowngradesBuyHold
Oct 2016Morgan StanleyAssumesOverweight

View More Analyst Ratings for BUD
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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