AB InBev: UBS still a buyer, but trims TP
(CercleFinance.com) - UBS reiterates its 'buy' recommendation on AB InBev shares, while reducing its target price for them from E72 to E70 (cp: E51, +1.
6%), which still leaves 39% upside potential for the share of the Belgian owner of Stella Artois, Budweiser and Corona beers.
AB InBev can continue to be at the top end of its organic EBITDA growth range of 4%-8%, UBS says (which expects +7.1% for 2025), with sales growth accelerating in H2.
Copyright (c) 2024 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.
6%), which still leaves 39% upside potential for the share of the Belgian owner of Stella Artois, Budweiser and Corona beers.
AB InBev can continue to be at the top end of its organic EBITDA growth range of 4%-8%, UBS says (which expects +7.1% for 2025), with sales growth accelerating in H2.
Copyright (c) 2024 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.