(CercleFinance.com) – UBS raises its recommendation on AB InBev from ‘neutral’ to ‘buy’ with a price target raised from 63.5 to 72 euros, a new target which reveals a potential increase of 31% for the stock from the Belgian-Brazilian brewer.
‘AB InBev is on the cusp of a significant shift in free cash flow’ estimates UBS, which expects FCF to be 16% higher than consensus for 2025. ‘$15 billion of excess cash supports accelerated cash returns,’ he judges.
Copyright © 2024 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
