Market Overview

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

Share:
Related BUD
Adidas Vs. Nike: Which Sportswear Giant Will Win The FIFA World Cup?
Benzinga's Top Upgrades, Downgrades For June 4, 2018
Dividend Sensei's Portfolio Update 39: 3 Reasons You Should Avoid This Dangerous Type Of High-Yield Stock (Seeking Alpha)

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
Jun 2018HSBCUpgradesHoldBuy
Apr 2018Bank of AmericaDowngradesNeutralUnderperform
Apr 2018JP MorganMaintainsUnderweightUnderweight

View More Analyst Ratings for BUD
View the Latest Analyst Ratings

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

 

Related Articles (BUD)

View Comments and Join the Discussion!