Only 30% Chance of Anheuser-Busch (BUD) Sale and $1.50 Upside, But Buy Anyway

Will InBev buy Anheuser-Busch (BUD)? Bank of America sees only a 30% chance of the deal going through. But the potential deal plus strong fundamentals leads BofA to raise its target from $55 to $58 and maintain a BUY.

Let’s see…BUD is trading at $56.61 and BOFA’s target is $58 but there’s only a 30% chance the deal is going through. We’re not going to be rushing out to buy that one.

See Also: Anheuser-Busch (BUD) Cut After Takeover Surge: Cost-Cutting Will Wreck Budweiser (BUD)

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In