Downgrade Alert for Anheuser-Busch InBev (BUD)
Anheuser-Busch InBev (NYSE:BUD) was downgraded from Buy to Hold at Societe Generale today. The stock closed yesterday at $127.44 on volume of 1.4 million shares, below average daily volume of 1.7 million.
Potential upside of 3.7% exists for Anheuser-Busch InBev, based on a current level of $127.44 and analysts' average consensus price target of $132.13. The stock should find initial support at its 50-day moving average (MA) of $121.82 and further support at its 200-day MA of $119.06.
Anheuser-Busch InBev NV brews beer. The Company manufactures ale, lager, stout, and bitter beer. Anheuser-Busch InBev owns brands that are both nationally and internationally prominent. The Company has production plants in Europe, the Americas, and Asia.
Over the past year, Anheuser-Busch InBev has traded in a range of $102.52 to $136.08 and closed yesterday at $127.44, 24% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend is tracking the current trend status for Anheuser-Busch InBev and will alert subscribers who have BUD in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades Anheuser-Busch InBev