JP Morgan Maintains Overweight on Anheuser-Busch InBev, Raises Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Celine Pannuti has maintained an Overweight rating on Anheuser-Busch InBev (NYSE:BUD) and increased the price target from $76 to $79, indicating a positive outlook on the stock.
November 29, 2023 | 6:55 pm
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JP Morgan analyst has reaffirmed an Overweight rating on BUD and raised the price target to $79, suggesting confidence in the company's future performance.
The increase in price target by a major financial institution like JP Morgan typically signals a strong conviction in the company's growth prospects and financial health. This can often lead to increased investor confidence and a potential rise in the stock price in the short term.
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