Jefferies Sticks to Its Buy Rating for Anheuser-Busch Inbev Sa

By Jason Carr

In a report released yesterday, Kevin Grundy from Jefferies reiterated a Buy rating on Anheuser-Busch Inbev Sa (NYSE: BUD), with a price target of $132. The company’s shares closed yesterday at $113.62.

According to TipRanks.com, Grundy is a 5-star analyst with an average return of 7.5% and a 75.5% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Edgewell Personal Care, and Monster Beverage Corp.

Currently, the analyst consensus on Anheuser-Busch Inbev Sa is Moderate Buy and the average price target is $125, representing a 10.0% upside.

In a report issued on June 23, Stifel Nicolaus also reiterated a Buy rating on the stock with a $140 price target.

The company has a one year high of $136.08 and a one year low of $98.28. Currently, Anheuser-Busch Inbev Sa has an average volume of 1.48M.

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