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Evercore ISI Thinks Anheuser-Busch Inbev Sa’s Stock is Going to Recover

In a report released yesterday, 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 $54.27, close to its 52-week low of $52.65.

According to TipRanks.com, Ottenstein is a 1-star analyst with an average return of -3.9% and a 39.5% 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.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Anheuser-Busch Inbev Sa with a $80.00 average price target.

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The company has a one-year high of $79.67 and a one-year low of $52.65. Currently, Anheuser-Busch Inbev Sa has an average volume of 1.68M.

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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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