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Evercore ISI Keeps Their Buy Rating on Anheuser-Busch Inbev Sa (BUD)

In a report issued on July 28, Robert Ottenstein from Evercore ISI maintained a Buy rating on Anheuser-Busch Inbev Sa (BUDResearch Report), with a price target of $80.00. The company’s shares closed last Friday at $53.54.

According to TipRanks.com, Ottenstein is a 2-star analyst with an average return of 0.4% and a 54.2% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Reynolds Consumer Products.

Anheuser-Busch Inbev Sa has an analyst consensus of Moderate Buy, with a price target consensus of $66.25.

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Anheuser-Busch Inbev Sa’s market cap is currently $105.9B and has a P/E ratio of 27.07.

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Founded in 2008, Belgium-based Anheuser-Busch InBev SA/NV, commonly known as AB InBev, is America’s leading brewing company, which is engaged in the production and distribution of alcoholic and non-alcoholic beverages worldwide. It has over 400 iconic beer brands, some of which include Budweiser, Corona, Stella Artois, Castle, Hoegaarden, Aguila, Antarctica, Bud Light, Cristal, Harbin, Modelo Especial, Quilmes, Sibirskaya Korona, and Skol among others.

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