Goldman Sachs Downgrades Anheuser-Busch InBev (BUD) to Sell
Tweet
Share
E-mailGet Alerts BUD Hot Sheet
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
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Goldman Sachs Downgrades Shanghai Jahwa United (600315:CH) to Neutral
- Goldman Sachs Downgrades Kuaishou Technology (1024:HK) to Neutral
- HSBC Downgrades Gerdau S.A. (GGBR4:BZ) (GGB) to Hold
Create E-mail Alert Related Categories
DowngradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
