Market Overview

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

Share:
Related BUD
Beer Is Still The Undisputed Champ Of Alcoholic Beverages
Bubbly And Spirited: 2016's Alcohol Review Overflowing With Good News
My Portfolio Now Has 15 Consumer Staples Defensive Sector Stocks After Adding Anheuser-Busch InBev (Seeking Alpha)

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
Nov 2016InvestecDowngradesBuyHold
Oct 2016Societe GeneraleDowngradesBuyHold
Oct 2016Morgan StanleyAssumesOverweight

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!