UPDATE: Morgan Stanley Upgrades AmBev
January 07, 2014 at 08:24 AM EST
In a report published Tuesday, Morgan Stanley analyst Lore Serra upgraded AmBev SA (NYSE: ABEV ) from Equal-weight to Overweight, moving its price target from NA to $8.00. According to the report, it is expected that cash flow growth will accelerate more, setting the stage for further dividends/buybacks for ABEV. “We
