Core Viewpoint - Morgan Stanley has identified Anheuser-Busch Inbev SA (NYSE:BUD) as a top pick due to its valuation upside, despite a mixed near-term outlook [1] Group 1: Analyst Ratings and Price Targets - The price target for BUD has been increased to $73 from $68.50, with an "overweight" rating maintained [2] - A majority of analysts are optimistic, with six out of eight recommending a "buy" or better, and a 12-month target price of $71.89, representing an 11.9% premium to the current price [2] Group 2: Options Market Sentiment - Options traders are showing bullish sentiment, with BUD's 50-day call/put ratio at 3.52, ranking higher than 80% of readings from the past year [3] Group 3: Stock Performance - Anheuser-Busch stock is on track for its fifth win in six sessions, with a 10.3% quarter-to-date gain, although it has a slight 0.7% year-to-date deficit [4] - The stock is attempting to reclaim its two-year high of $67.49 from May 17 and is poised to close above the $64 mark for the first time since May 24 [4]
Analyst: Anheuser-Busch Stock is a Top Pick