Tencent Securities, January 17. Jefferies Group (Jefferies) on Wednesday downgraded its expected rating of Anheuser Busch Inbev (Anheuser Busch Inbev) shares to poor performance, saying the company is facing severe global competition, which is not conducive to its recent growth.

Jeffrey's Edward Mundy (Edward Mundy) said in a report to investors, “Market share pressure may cause disappointment with recovery potential, and profit prospects need to be readjusted.”

Jefferies estimates that Budweiser manufacturers account for 72% of the market share, leading the global brand Heineken by 51% and Carlsberg by 45%.

“In the long run, we believe that the market position of the Budweiser InBev Group is the source for maintaining its enduring competitive advantage. Starting in 2019, there is a risk that market share will be interrupted in the short term, particularly in the US, Brazil, South Africa, and Colombia,” Mondi said.

Jeffrey also lowered the target price for the Budweiser InBev Group to $62 per share.

Budweiser InBev Group shares closed down 2.79% to $70.5 on Wednesday. Although Mondi praised the Budweiser InBev Group, saying it has “experienced a decade of insane growth,” the stock's earnings per share in September 2016 were $133 and have since fallen by more than 41%. (Triest)