TPX.B:CC - Anheuser-Busch InBev: Though The Boycott Has Eased It Is Still Overvalued
2024-06-13 23:00:37 ET
Summary
- Anheuser-Busch InBev has had a troubled year.
- Previous coverage gave a "Sell" rating, with the company underperforming the market by 36% since then.
- The stock has become cheaper but is still trading at a major premium compared to some peers.
- EURO 2024 and the summer Olympics could be tailwinds in Q2 and Q3.