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30 May 2025
Initiate coverage of ABInBev ADR

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Initiate coverage of ABInBev ADR
- Published:
30 May 2025 -
Author:
Cross Gen GC | Ford Matthew MF -
Pages:
12 -
Initiate coverage of ABInBev ADR
With this report we initiate coverage of ABInBev ADR, in coordination with our pre-existing coverage of ABInBev. Converting our existing ABInBev target price (EUR64) at the current EUR/USD spot rate, we initiate coverage of ABInBev ADR at Outperform with a target price of USD72 (implying ~19.5x CY25e P/E).
Our latest research on ABInBev can be found here: Q125 results and 15 questions for management