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DBS Remains a Buy on Anheuser Busch InBev SA/NV (0RJI)
DBS maintained a Buy rating on Anheuser Busch InBev SA/NV with a price target of €79.00, citing analyst Zheng Feng Chee’s coverage in the Consumer Defensive sector. This rating follows a mixed sentiment from other analysts, with Citi also issuing a Buy, while ING Group downgraded the stock to a Hold. Anheuser Busch InBev SA/NV reported strong quarterly results, with revenue of €30.71 billion and a net profit of €4.1 billion for the quarter ending June 30.