The slump in shares of AB InBev due to backlash over Bud Light's partnership with trans influencer Dylan Mulvaney, has gone too far, says RBC equity analyst...
For steely-nerved investors, an opportunity awaits to buy shares of Bud Light’s battered parent AB Inbev.
That’s according to RBC Capital Markets analysts, who pushed back on the hit to the brewer’s share price and forecasts amid consumer backlash over a Bud Light social-media campaign featuring trans influencer Dylan Mulvaney. “This is excessive given our belief that Bud Light’s travails will not impinge on AB InBev outside the U.S.. Consequently, the share price decline presents a buying opportunity,” the analysts said in a Wednesday note to clients.
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