Anheuser-Busch (AB InBev) shares took a hit, after RBC analysts downgraded the stock to sector perform from its highest rating.
RBC analyst James Edwardes Jones indicated that dimmed outlook on the beverage company’s profit margin growth coupled with its stock valuation nearing RBC price target propelled the analysts to lower the rating. But Jones did appreciate the maker of Budweiser as "the best acquirer and integrator of businesses that we know" , despite his concerns on AB InBev’s potentially limited room for steady growth in margin.
RBC has $84.81 price target on AB InBev.