AB InBev: Jefferies raises recommendation
(CercleFinance.com) - Jefferies raises its recommendation on AB InBev from 'hold' to 'buy' with a target price upped from 50 to 60 euros, in a research note on the alcoholic drinks sector based on the prospect of a post-pandemic environment.
Regarding the Belgian brewer, the broker considers that its shares only incorporate a very limited upturn, and thinks that the revenue dynamic should be positively impacted over the next 12 months with an improvement in market share.
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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.
Regarding the Belgian brewer, the broker considers that its shares only incorporate a very limited upturn, and thinks that the revenue dynamic should be positively impacted over the next 12 months with an improvement in market share.
Copyright (c) 2020 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.