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Upgrade Alert for Anheuser-Busch InBev (BUD)

By Shiri Gupta

Anheuser-Busch InBev (NYSE:BUD) was upgraded from Sell to Hold at Societe Generale today. The stock closed yesterday at $114.46 on volume of 2.9 million shares, above average daily volume of 912,000.

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.

In the past 52 weeks, shares of Anheuser-Busch InBev have traded between a low of $93.72 and a high of $116.65 and closed yesterday at $114.46, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Potential upside of 11.9% exists for Anheuser-Busch InBev, based on a current level of $114.46 and analysts' average consensus price target of $128.02. Anheuser-Busch InBev shares have support at the 50-day moving average (MA) of $111.11 and additional support at the 200-day MA of $106.97.

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

Ticker(s): BUD