A decline in commodity prices should boost the parent company behind Bud Light. The U.S.-listed shares of the beverage company is down about 2.7% this year.
Anheuser-Busch InBev is a buying opportunity even after its controversial handling of a social media campaign involving a transgender influencer, according to Morgan Stanley. Analyst Sarah Simon assumed coverage of Anheuser-Busch InBev and upgraded it to overweight from equal weight. Simon called the parent company behind Bud Light a top pick that's attractively valued after its decline this year. The U.S.-listed shares of the beverage company are down about 2.7% this year.
" BUD 1D mountain Anheuser-Busch InBev shares 1-day The analyst raised her price target to $68.50 from $64, which represents about 17% upside for Anheuser-Busch InBev from Wednesday's closing price. The stock rose 1% in Thursday premarket trading. Anheuser-Busch InBev has come under pressure in the U.S. this year after it partnered with transgender influencer Dylan Mulvaney for promotions of Bud Light.
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Watch Charles Barkley’s expletive-filled message to ‘rednecks’ who boycott Bud Light'So listen, as I said last night, if you’re gay, God bless you,' Leeds native Charles Barkley said after buying a round of drinks before presenting a PSA. 'If you’re trans, God bless you. And if you have a problem with them – (expletive) you.'
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Bud Light social media posts draw backlash after Dylan Mulvaney debacleBud Light’s social-media accounts have resumed regular postings — and they’re drawing brutal comments from critics.
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Dylan Mulvaney posts job ad after Bud Light falloutThe transgender influencer offered her services to speak at schools and universities across the country.
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CMT accused of 'pulling a Bud Light' after removing Jason Aldean videoFollowing the outrage over a song's lyrics and video, Jason Aldean took to social media to deny his music was racist or a call to incite violence.
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Bud Light sales are falling fastest in these two statesConservative activists have been targeting the beer brand over its partnership with trans influencer Dylan Mulvaney.
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Anheuser-Busch handed win amid ongoing Bud Light boycottOn Wednesday the Beer Institute's Code Compliance Review Board (CCRB) ruled in favor of Bud Light's advertisement with Dylan Mulvaney.
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