Argus keeps a Hold rating on AB InBev but notes that the firm is looking for a “more favorable entry point” on the stock after its recent Q2 outperformance and the management’s forecast of revenue growth exceeding EBITDA on higher volume and price increases. Valuations on AB InBev are reasonable, but Argus would “consider an upgrade” on signs of margin improvement and volume growth, the analyst tells investors in a research note.
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