Market Reacts Positively as Brazil Turns Positive for AB InBev; Limited Upside to Stock Remains
Volume in Brazil turned positive for Anheuser-Busch InBev in the first quarter, which should go a long way toward soothing investors’ concerns about the company’s second-largest market and one of its most profitable. This news supports our thesis that AB InBev’s wide economic moat should ensure that the firm’s secular growth rates and profitability in Brazil will return. The market has reacted positively to this better-than expected quarter, and limited upside remains in AB InBev. We are retaini...
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