Ambev (ABEV) Falls on Lack of Leads

Group 1 - Ambev SA (NYSE:ABEV) experienced a significant drop in share prices, falling by 7.63% to close at $2.30 due to a lack of buying catalysts and early window-dressing activities [1] - The company is known for owning Brazil's leading beer brands, including Skol, Brahma, Antarctica, Bohemia, and Quilmes [2] - Bernstein downgraded Ambev's rating from "outperform" to "market perform," citing that current expectations for the company are "overblown," despite confidence in its long-term fundamentals [3] Group 2 - Bernstein recommended investors take profits on Ambev shares and wait for a more attractive entry point before re-entering the stock [3]