Anheuser Busch PT Raised to $112.00 at Stifel Nicolaus (BUD)
Anheuser Busch (NYSE: BUD) had its target price raised by Stifel Nicolaus from $94.00 to $112.00 in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a buy rating on the stock.
“We caught up with CFO Felipe Dutra yesterday and found our discussion of potential Modelo revenue synergies, U.S. innovation, Brazil, and capital allocation especially helpful. We revise our estimates, lift our target to $112 per share, and expect clarity on the proposed Modelo transactions (extension of stay, or DOJ consent, or litigation) by Tuesday, when the stay of all U.S. litigation proceedings expires.,” the firm’s analyst commented.
A number of other firms have also recently commented on BUD. Analysts at Zacks downgraded shares of Anheuser Busch from a neutral rating to an underperform rating in a research note to investors on Friday, March 1st. They now have a $92.00 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of Anheuser Busch from a neutral rating to an outperform rating in a research note to investors on Thursday, February 28th. Finally, analysts at Nomura upgraded shares of Anheuser Busch from a reduce rating to a neutral rating in a research note to investors on Monday, February 25th.
Fifteen investment analysts have rated the stock with a buy rating, six have given an overweight rating, nine have given a hold rating, one has given an underweight rating, and three have assigned a sell rating to the company. The company currently has an average rating of overweight and a consensus price target of $98.78.
Anheuser Busch (NYSE: BUD) opened at 96.26 on Wednesday. Anheuser Busch has a 1-year low of $64.99 and a 1-year high of $97.31. The stock’s 50-day moving average is currently $92.08. The company has a market cap of $154.2 billion and a price-to-earnings ratio of 21.63.
Anheuser-Busch InBev SA/NV is a brewing company. The Company produces, markets, distributes and sells a balanced portfolio of approximately 200 beer brands.
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