Anheuser-Busch InBev Expected to Rally and 4 Stock Analyses Making Rounds
Deere & Company (NYSE:DE): Current Price: $90.50
According to Piper Jaffray, yesterday’s sell-off in Deere shares created a buying opportunity. The firm keeps its Overweight rating and raises the price target to $105 on the stock.
United Parcel Service, Inc. (NYSE:UPS): Current Price: $82.40
The company’s price target was raised by Bernstein after the company reported lower than expected Q4 adjusted EPS but higher than expected revenue. The firm thinks that the company’s ability to drive domestic margin gains is underappreciated and it doesn’t believe that the stock’s multiple will contract further. The firm keeps its Outperform rating on the stock.
Rush Enterprises, Inc. (NASDAQ:RUSHA): Current Price: $23.42
The company’s price target has been increased by RBC Capital due to the company’s report of stronger than expected Q4 results. The firm believes that the company’s outlook has seen a modest improvement and it keeps its Outperform rating on the stock.
Anheuser-Busch InBev (NYSE:BUD): Current Price: $93.28
Jefferies thinks that AB InBev shares will rally after the company announced a revised agreement with Constellation Brands (NYSE:STZ) for the sale of its Piedras Negras brewery. The agreement grants the perpetual rights to Corona and other brands in the U.S. for $2.9 billion. Jefferies believes that the new deal addresses the Department of Justice’s concerns about AB InBev’s takeover of Modelo. Now, the firm thinks that the deal will go through and it gives the stock a Buy rating.
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO): Current Price: $7.29
RBC Capital thinks that Aveo share weakness is unwarranted since the firm does not believe that the details regarding the company’s tivozanib treatment shed light on its approvability. RBC Capital views tivozanib’s risk-benefit profile as favorable and it keeps its Outperform rating on the stock.
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