ABEV - Ambev Shares May Have Bottomed Out At $4.00
A new President in Brazil gave stocks based in the region a big lift. Ambev’s (ABEV) steady climb away from the bottom price of $4.00 is most notable. Even though other beer companies like Anheuser-Busch InBev SA/NV (BUD) rose, Ambev could give investors exposure to Brazil and diversification in the out of favor beverages sector.
Analyst Upgrade
Ambev benefited from a Goldman Sachs upgrade posted on Jan. 28. The investment firm also speculates that an improving macroeconomic backdrop will help Ambev’s business beyond the upcoming Q4 reporting period. Though the