Market Overview

UPDATE: Societe Generale Downgrades Anheuser-Busch InBev to Hold on Deal Block

Share:
Related BUD
Benzinga's Bulls And Bears For The Past Week: Comcast, Starbucks, Tesla And More
Anheuser-Busch Blends Sparkling Juice, Energy Drinks Into Beer Portfolio With Hiball Buyout
JT Stratford LLC Buys iShares Russell –………, Qualcomm Inc, General Motors Co, Sells ... (GuruFocus)

Societe Generale downgraded Anheuser-Busch InBev (NYSE: BUD) from Buy to Hold.

Societe Generale commented, “The US Department of Justice (DOJ) has blocked ABI's acquisition of Modelo, on the grounds that the deal would be anti-competitive in the US. … The legal proceedings could take many months and will overhang the share price. Our forecasts assume that the deal completes as originally envisaged, but 9 months later, on January 1st 2014, and we have removed the impact from our 2013 forecast, lowering EPS by 7%. We now expect the shares to trade in line with the sector average P/E of 17.6x calendar 2013.”

Anheuser-Busch InBev closed at $88.60 on Thursday.

Latest Ratings for BUD

DateFirmActionFromTo
Jul 2017JefferiesMaintainsBuy
Mar 2017Bank of AmericaDowngradesBuyNeutral
Nov 2016InvestecDowngradesBuyHold

View More Analyst Ratings for BUD
View the Latest Analyst Ratings

Posted-In: Societe GeneraleAnalyst Color Downgrades Analyst Ratings

 

Related Articles (BUD)

View Comments and Join the Discussion!