AB InBev Reports Third Quarter 2023 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- Wall St set for muted open as Middle East tensions curb risk appetite
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Anheuser-Busch InBev (BUD) Mentioned Positively at Evercore, 'BUY this stock'
October 31, 2023 7:21 AM EDTEvercore ISI analyst Robert Ottenstein reiterated an Outperform rating and $70.00 price target on Anheuser-Busch InBev (NYSE: BUD)
The analyst comments "Firm announced a $1B buyback over the next 12 months in conjunction with $3B debt paydown, all in the context of a solid earnings beat. ABI reported 3Q23 organic EBITDA +4.1% vs. +0.3% consensus, with Normalized EBITDA of $5.43 billion vs. $5.32 billion consensus. Organic revenue growth of +5.0% (+1.6% excluding Argentina) also came in ahead of Street +4.7% on stronger pricing as organic volumes -3.4% were below... More
