Anheuser-Busch InBev is set to hold a Capital Market Day in St. Louis, Missouri, on September 22, the first time the beer giant has held the event in St. Louis since 2010. Ahead of the event, RBC Capital Markets analyst James Edwardes Jones highlighted that it is the first time he can remember the company approaching a Capital Markets Day needing to do no more than demonstrate it can continue to deliver 4% to 8% organic EBITDA growth and avoid any "rushes of blood to the head" in terms of capital allocation. Edwardes Jones thinks that if management can underpin confidence in the organic EBITDA growth, the strong share price performance should continue as the share price trends towards RBC's price target of €93. Shares of Anheuser-Busch InBev have solidly outperformed other beer and spirits stocks over the last year. Belgium-based InBev acquired Anheuser-Busch in 2008 in an all-cash deal worth about $52B, ending roughly 150 years of independence for the St. Louis brewer behind Budweiser, Bud Light, and Michelob and creating the world's largest brewer.
Anheuser-Busch InBev SA/NVRBC analyst says AB InBev can underpin 4-8% organic EBITDA growth and sees shares trending toward €93 price target ahead of Capital Market Day
Royal Bank of Canada
