AB InBev: shares under pressure after broker downgrade
(CercleFinance.com) - Shares of Anheuser-Busch InBev fell on Monday after Jefferies downgraded the world's biggest brewer to "hold" from "buy", saying it struggles to identify "drivers" for a near-term rebound.
Whilst Jefferies recognises a "high degree of investor negativity" in the share price, in its research note it also mentions a lack of visibility on the depth and duration of current emerging markets volatility.
The US broker has therefore cut its target price from 100 euros to 80 euros.
AB InBev shares were down 0.6% at 74.7 euros in afternoon trading on Euronext Brussels, underperformng Belgium's BEL 20 index, which was up 0.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Whilst Jefferies recognises a "high degree of investor negativity" in the share price, in its research note it also mentions a lack of visibility on the depth and duration of current emerging markets volatility.
The US broker has therefore cut its target price from 100 euros to 80 euros.
AB InBev shares were down 0.6% at 74.7 euros in afternoon trading on Euronext Brussels, underperformng Belgium's BEL 20 index, which was up 0.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.