Jefferies Upgrades Anheuser-Busch InBev to Buy, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Edward Mundy upgraded Anheuser-Busch InBev (NYSE:BUD) from Hold to Buy and increased the price target from $60 to $76.
January 10, 2024 | 9:50 am
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POSITIVE IMPACT
Anheuser-Busch InBev was upgraded by Jefferies from Hold to Buy with a raised price target from $60 to $76, indicating a positive outlook on the stock.
The upgrade from Hold to Buy by a reputable analyst at Jefferies, along with a significant increase in the price target, suggests a strong bullish sentiment on BUD. This is likely to instill confidence in investors and could lead to a short-term increase in the stock price as the market reacts to the positive news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100