Upgrade Alert for Anheuser-Busch InBev (BUD)
Anheuser-Busch InBev (NYSE:BUD) was upgraded from Reduce to Neutral at Natixis today. The stock closed yesterday at $123.65 on volume of 1.3 million shares, below average daily volume of 1.7 million.
Anheuser-Busch InBev has overhead space with shares priced $123.65, or 6.4% below the average consensus analyst price target of $132.13. The stock should discover initial support at its 50-day moving average (MA) of $121.82 and subsequent support at its 200-day MA of $119.06.
In the past 52 weeks, Anheuser-Busch InBev share prices have been bracketed by a low of $102.52 and a high of $132.91 and closed yesterday at $123.65, 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
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.
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