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.