Monday, May 7, 2012

Chart of the Day - Anheuser-Busch InBev (BUD)

The "Chart of the Day" is Anheuser-Busch InBev (BUD), which showed up on Thursday's Barchart "All-Time High" and "Gap Up" lists. AB InBev on Thursday posted a new all-time high of $75.07 and closed up 1.93%. TrendSpotter has been Long since April 18 at $73.86. In recent news on the stock, AB InBev on April 30 reported Q1 EPS of $1.05, above the consensus of 91 cents. Morgan Stanley on April 12 named AB InBev as a long Research Tactical Idea. Stifel Nicolaus on April 3 named AB InBev to its Stifel Select List, reiterated its Buy rating and the $80 price target. Anheuser-Busch InBev, with a market cap of $117 billion, is a leading world marketer of alcohol-based beverages.

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