Goldman Sachs Downgrades Anheuser-Busch InBev (BUD) to Sell
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Price: $78.92 +1.28%
Rating Summary:
22 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
22 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Anheuser-Busch InBev (NYSE: BUD) from Neutral to Sell on valuation with shares outperforming outperformed staples and European brewers by 21% and 7% ytd.
While the company is well positioned, Goldman said the current valuation is stretched given weak operating performance and negative EBITDA revisions ytd.
Goldman cut their 12-month price target from EUR67.40 to EUR62.50.
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 $86.09 yesterday.
While the company is well positioned, Goldman said the current valuation is stretched given weak operating performance and negative EBITDA revisions ytd.
Goldman cut their 12-month price target from EUR67.40 to EUR62.50.
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 $86.09 yesterday.
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