Evercore ISI Group Maintains Outperform on Anheuser-Busch InBev, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Robert Ottenstein maintains an Outperform rating on Anheuser-Busch InBev (NYSE:BUD) but lowers the price target from $80 to $70.
June 08, 2023 | 2:19 pm
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Evercore ISI Group maintains Outperform rating on Anheuser-Busch InBev, but lowers price target from $80 to $70.
The news indicates that Evercore ISI Group still has a positive outlook on Anheuser-Busch InBev, maintaining an Outperform rating. However, the lowered price target from $80 to $70 suggests a reduced growth potential in the short term. This may lead to a neutral impact on the stock price as investors weigh the positive rating against the lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100