USA: Anheuser-Busch was downgraded at JP Morgan to neutral because of valuation
New York: On April 22, analysts at J.P. Morgan Securities downgraded Anheuser-Busch from "overweight" to "neutral."
In a research note published on April 22, the analysts mention that the downgrade in rating is based on valuation. The current valuation of Anheuser-Busch’s stock fully reflects the company’s robust cash generation capabilities and its track record of providing adequate returns to shareholders, the analysts say. The domestic beer industry is likely to witness sluggish revenue growth in the near term, JP Morgan adds.
뒤로
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .
