AB InBev: share price continues to rise, with support from Deutsche Bank

(CercleFinance.com) - AB InBev continued its upward trend on the Brussels Stock Exchange on Monday, as analysts at Deutsche Bank upgraded their outlook on the brewer's stock to "buy".


At around 4.10pm, the share gained 1.2%, outperforming a BEL 20 index up by around 1%.

In a study published in the morning, Deutsche Bank points out that the owner of the Stella Artois and Jupiler brands is quietly building a particularly solid earnings track record.

From its point of view, the group offers an attractive portfolio exposed both to emerging markets, where it is the market share leader, and to an improving US market.

Thanks to its strong cash flow, AB InBev could, according to the research firm, return some 30 billion euros in cash to its shareholders over the 2026/2028 period, equivalent to 25% of the group's market capitalization, it concludes.

Deutsche has therefore raised its recommendation on the stock from 'hold' to 'buy', with a price target raised from 55 to 75 euros.

In a note published last Thursday, BofA's teams had also renewed their buy recommendation on the share, describing the Belgian-American group as a "cash-generating machine".

Since the publication of its annual results on Wednesday morning, the share has gained more than 11%.

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