Upgrade Alert for Anheuser-Busch InBev (BUD)
Anheuser-Busch InBev (NYSE:BUD) was upgraded from Hold to Buy at ING Group today. The stock closed yesterday at $106.18 on volume of 1.9 million shares, above average daily volume of 1.6 million.
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.
Anheuser-Busch InBev share prices have moved between a 52-week high of $129.24 and a 52-week low of $102.21 and closed yesterday at 4% above that low price at $106.17 per share. The 200-day and 50-day moving averages have moved 0.02% lower and 0.7% lower over the past week, respectively.
There is potential upside of 31.0% for shares of Anheuser-Busch InBev based on a current price of $106.17 and an average consensus analyst price target of $139.09. The stock should run into initial resistance at its 200-day moving average (MA) of $119.99 and subsequent resistance at its 50-day MA of $121.52.
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