AB InBev's Debt Under Control After Refinancing -- Market Talk

道琼斯 · Jan 23, 2019 00:36

DJ AB InBev's Debt Under Control After Refinancing -- Market Talk

11:36 ET - RBC Capital Markets raises Anheuser-Busch InBev to top pick from outperform, citing the Budweiser maker's recent debt refinancing. Analysts say "the level of debt is comfortably under control given AB InBev's relatively non-cyclical nature," leading them to consider the stock's valuation in terms of price-earnings ratio, making it cheaper compared to the sector, rather than its relatively expensive valuation based on its EV-Ebitda ratio. "The dangers of AB InBev's indebtedness have been overstated," analysts say. Anheuser ADRs fall 1% to $72.88. (francesca.fontana@wsj.com; @francescamarief)

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January 22, 2019 11:36 ET (16:36 GMT)

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AB InBev's Debt Under Control After Refinancing -- Market Talk

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