BUD Crosses Above Average Analyst Target
July 07, 2020 at 08:15 AM EDT
In recent trading, shares of Anheuser-Busch InBev SA/NV (BUD) have crossed above the average analyst 12-month target price of $50.67, changing hands for $52.86/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..