Seeking Alpha

RBC Capital sees value in Anheuser-Busch InBev

|About: Anheuser-Busch InBev SA/NV (BUD)|By: , SA News Editor

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.