AB Inbev's 3Q Likely a Tale of Differing Markets

Dow Jones
Sep 29

0858 GMT - AB InBev's third-quarter results are likely to vary by region, analysts at Jefferies write in a note. The Belgium-listed brewer of Bud Light and Stella Artois should book a 0.6% slide in volumes over the period, though sales and earnings are likely to increase on year, according to Jefferies's estimates. Weak performance in China will likely weigh, with total volumes stripping out the Chinese market probably growing, the bank says. North America is also likely still soft, though AB InBev should outperform the market, the analysts reckon. Other markets in Latin America and Europe should meanwhile prove positive, despite less of a boost from the FIFA soccer world championship than in the previous quarter, Jefferies says, keeping a buy rating and an 86-euro target on the stock. Shares are down 2% at 66.2 euros.

 

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