Analyst: Anheuser-Busch Stock is a Top Pick

Morgan Stanley named Anheuser-Busch Inbev SA (NYSE:BUD) a top pick, citing the beverage stock's valuation upside despite a near-term "mixed picture." In response, BUD is 0.9% higher at $64.22. In addition to naming it a top pick, the analyst also hiked its price target to $73 from $68.50 and maintained its "overweight" rating. The majority of analysts are already bullish, with six of eight recommending a "buy" or better, while the 12-month target price of $71.89 is an 11.9% premium to the security's current ...