UBS analyst Nik Oliver downgraded AB InBev to Sell from Neutral with a price target of EUR 53, down from EUR 57. While Oliver has been encouraged by signs of improving execution in AB InBev’s key profit pools, the market may not fully appreciate risks for 2023 in contrast to other names within Beverages and feels the reopening in China may not fully offset weakness in the U.S., the analyst tells investors in a research note.
Published first on TheFly
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