Tag: BUD

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Anheuser-Busch Inbev Sa (BUD – Research Report) and Nestlé SA (NSRGF – Research Report).

Anheuser-Busch Inbev Sa (BUD)

In a report released yesterday, Robert Ottenstein from Evercore ISI assigned a Buy rating to Anheuser-Busch Inbev Sa, with a price target of $75.00. The company’s shares closed last Monday at $56.50, close to its 52-week low of $55.43.

According to TipRanks.com, Ottenstein is a 2-star analyst with an average return of 0.0% and a 49.2% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, Constellation Brands, and Vita Coco Company.

Anheuser-Busch Inbev Sa has an analyst consensus of Strong Buy, with a price target consensus of $73.37.

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Nestlé SA (NSRGF)

Barclays analyst Warren Ackerman maintained a Hold rating on Nestlé SA today and set a price target of CHF90.00. The company’s shares closed last Monday at $88.62, close to its 52-week low of $85.49.

Ackerman has an average return of 1.7% when recommending Nestlé SA.

According to TipRanks.com, Ackerman is ranked #3441 out of 9184 analysts.

Currently, the analyst consensus on Nestlé SA is a Hold with an average price target of $99.59, implying a 14.4% upside from current levels. In a report issued on November 14, Jefferies also maintained a Hold rating on the stock with a CHF82.00 price target.

Read More on BUD:

• Anheuser-Busch InBev Launches $3 Billion Tender Offers
• AB InBev price target lowered to EUR 69.22 from EUR 73 at Barclays
• AB InBev price target lowered to EUR 67 from EUR 69 at Citi
• AB InBev Reports Strong Q3 2024 Financial Performance
• Unusually active option classes on open October 31st