BTIG Downgrades AB InBev (BUD) to Neutral

BTIG downgraded Anheuser-Busch InBev (NYSE: BUD) from Buy to Neutral. Analyst April Scee sees better value elsewhere.

"With summer nearing an end, M&A is likely to regain prominence in discussions about ABI. We believe M&A is already in the price & there is risk that ABI could either buy something the market is not expecting (or nothing at all) or that it could overpay for the SAB transaction the market is expecting. Further, recent loss of MNST distribution is a small negative for estimates," said Scee.

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 $111.45 yesterday.

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