Jefferies Starts Anheuser-Busch InBev (BUD) at Buy

September 13, 2016 7:08 AM EDT
Get Alerts BUD Hot Sheet
Price: $103.26 --0%

Rating Summary:
    13 Buy, 7 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 18 | New: 16
Trade BUD Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Jefferies initiates coverage on Anheuser-Busch InBev (NYSE: BUD) with a Buy rating and EUR 130 price target.

Analyst Edward Mundy commented, "We initiate coverage with a BUY. Our 12 month PT EUR 130 is predicated on the realisation of USD 3bn cost saves on the SABMiller deal vs guidance 1.4bn. In our long range outlook we think a share price of EUR 180-200 is justified (by 2022) through delivery on the 2020 Dream Incentive Plan. Key steps are 1) over-delivery on SABMiller cost saves 2) driving sustainable med-term revenue growth +6% 3) further value accretive M&A (over 10% accretive to EPS) "

For an analyst ratings summary and ratings history on Anheuser-Busch InBev click here. For more ratings news on Anheuser-Busch InBev click here.

Shares of Anheuser-Busch InBev closed at $124.80 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, New Coverage

Related Entities

Jefferies & Co

Add Your Comment