Anheuser Busch Inbev SA (ADR) (BUD) got Upgraded

Anheuser Busch Inbev SA (ADR) (NYSE:BUD) received a stock rating upgrade from Societe Generale on Apr-05-16. In a note to investors, the firm issued a Buy rating. The analysts previously had a Hold rating on the stock.

Analysts have a consensus target price of $ 135.00 in the 12-month period. The price objective is 8.85% higher than the recent closing price of $ 124.02. The 52-week price range is $ 101.07 – 130.08 and the company has a market capitalization of $ 196.59B. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 1 has assigned a hold rating, 1 says it’s a buy, and 6 have assigned a strong buy rating to the company.

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 200 beer brands, which include Budweiser, Corona, Stella Artois, Beck’s, Leffe, Hoegaarden, Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass, and Jupiler. The company was founded in 1366 and is headquartered in Leuven, Belgium.

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