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On Friday, shares of Bud Light's parent company Anheuser-Busch InBev were up as much as 4% after Bank of America upgraded AB InBev stock from Neutral to Buy. Analysts there see improved profit ...
However, not every Bud Light drinker appreciated the company’s inclusiveness. Right-wing politicians and celebrities, alike, called for a boycott of Anheuser-Busch brands, including Bud Light.
Anheuser-Busch InBev shares are down 3% over the past year, according to Yahoo Finance data, underperforming the S&P 500's 37% gain.Molson Coors shares are up slightly, while Boston Beer is down ...
In the month following the advertisement, Bud Light's sales fell between 11 and 26%, [10] [11] [12] while Anheuser-Busch's sales fell about 1%. [13] [14] In May 2023, AB InBev's stock price fell 20%, enough for it to be classified as a bear stock by Forbes. HSBC Securities downgraded its rating on the company from "Buy" to "Hold".
Collett upgraded Bud Light's parent company, Anheuser-Busch InBev , from Hold to Buy and raised his price target from $52 to $60, noting that Bud Light is "at the end of the tunnel" of its ...
Bud Light continues to hemorrhage ... Heineken’s stock dropped over 6% on Wednesday after the brewer forecasted a modest single-digit profit growth. Heineken raised prices by over 10% in the ...
Bud Light sales during the week of May 6 declined 23.6% compared to the same time period last year, according to data from Bump Williams Consulting and Nielsen NIQ cited by Evercore ISI.
Bud Light sales tanked 26.5% for the week ending Aug. 5, per new Nielsen data. That's a faster pace than the week-on-week drop of 25.9% for the period ending June 17.