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J.P. Morgan Reaffirms Their Buy Rating on Anheuser Busch InBev SA/NV (0RJI)

Tipranks - Tipranks - Sat Feb 7, 2:26AM CST

In a report released today, Celine Pannuti CFA from J.P. Morgan maintained a Buy rating on Anheuser Busch InBev SA/NV, with a price target of €73.00.

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Pannuti CFA covers the Consumer Defensive sector, focusing on stocks such as L’Oreal, DANONE SA, and Nestlé SA. According to TipRanks, Pannuti CFA has an average return of -2.4% and a 41.26% success rate on recommended stocks.

In a report released on February 2, Barclays also maintained a Buy rating on the stock with a €94.00 price target.

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Based on Anheuser Busch InBev SA/NV’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €30.71 billion and a net profit of €4.1 billion. In comparison, last year the company earned a revenue of €15.33 billion and had a net profit of €1.47 billion

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