AB InBev, the Belgian beverage giant known for brands like Stella Artois, Budweiser, and Corona, has received a reaffirmed 'buy' recommendation from UBS.
Although UBS has lowered its target price from €72 to €70, the new target still suggests a significant upside potential of 39%.
UBS predicts that AB InBev will maintain its organic EBITDA growth between 4-8%, with a projected growth rate of 7.1% for 2025.
Additionally, UBS expects sales growth to accelerate in the second half of the year, indicating a positive outlook for the company's performance.