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Upgrade Alert for Anheuser-Busch InBev (BUD)

By Amy Schwartz

Anheuser-Busch InBev (NYSE:BUD) was upgraded from Neutral to Buy at Nomura today. The stock closed yesterday at $103.11 on volume of 1.5 million shares, above average daily volume of 966,000.

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.

Potential upside of 14.9% exists for Anheuser-Busch InBev, based on a current level of $103.11 and analysts' average consensus price target of $118.51. The stock should find resistance at its 50-day moving average (MA) of $103.22, as well as support at its 200-day MA of $97.85.

In the past 52 weeks, Anheuser-Busch InBev share prices have been bracketed by a low of $83.94 and a high of $106.83 and closed yesterday at $103.11, 23% above that low price. The 200-day and 50-day moving averages have moved 0.05% higher and 0.02% lower over the past week, respectively.

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