Why Anheuser-Busch InBev Stock Just Popped
Anheuser-Busch InBev (NYSE: BUD) stock rose 2.8% through 12:05 p.m. ET on Monday after UBS analyst Sanjeet Aujla upgraded shares of the beer giant to buy, and raised its price target to 72 euros (about $77.30).
Previously, Aujla had a neutral rating on the stock, and a price target of 62.5 euros (about $67.10).
The analyst likes three things about Anheuser-Busch stock: growth, profit margins, and cash returns, as described today in a note on Street Insider.
Source Fool.com
