AB InBev price target raised to EUR 64 from EUR 61 at BofA

BofA raised the firm’s price target on AB InBev to EUR 64 from EUR 61 and keeps a Neutral rating on the shares. Following last week’s "broadly in line" FY22 results, the firm raised its 2023- 25 EPS estimates 0%-1% and noted that its updated target mostly reflects peer rerating and a valuation roll forward.