AB Inbev: UBS still a seller

(CercleFinance.com) - UBS maintains its sell rating on AB Inbev, as well as its target price of 53 euros, which suggests downside potential of 4% for the international brewer's stock, which owns the Stella Artois, Corona and Leffe brands, amongst others.


"Top line expectations look reasonable, but we see downside risk to organic EBITDA expectations for FY23-24," the broker says, whose estimates in this area are up to 5% below the consensus.

As might be expected, the beer is pretty flat this morning - down about 0.4% as things stand.


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