Anheuser-Busch stock downgraded by HSBC analysts o
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Posted On: 05/10/2023 4:25:53 PM
Re: energy_wave #45499
Anheuser-Busch stock downgraded by HSBC analysts over Bud Light ‘crisis’
https://nypost.com/2023/05/10/anheuser-busch-...ht-crisis/
Quote:
Sales of Bud’s Michelob Ultra brand — the third-biggest-selling in the US behind No. 1 Bud Light and No. 2 Modelo Especial — were down 4.4%, according to Bump Williams data.
“It’s not just a Bud Light issue,” said Bump Williams, chief executive of the consultancy.
“It’s an Anheuser-Busch portfolio problem now.”
Anheuser-Busch InBev shares were down by some 1.9% during Wednesday’s morning session on Wall Street.
https://nypost.com/2023/05/10/anheuser-busch-...ht-crisis/
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