RBC Capital Markets lifts Anheuser-Busch InBev (NYSE:BUD) to an Outperform rating from Sector Perform on a valuation call.
The firm notes A-B shares are down 39% YTD to mark the worst performance in the Stoxx 600 Food & Beverage Index. Opportunities for deleveraging are also called out.
Shares of BUD are down another 10.18% premarket to $44.19.
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