Shares of Anheuser-Busch InBev could rise 23% from here, Wells Fargo said.
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The Budweiser maker said volumes declined 1.9% year-on-year over the three month period, well ahead of the 0.3% dip forecast by…
We think that Wednesday's drop in shares of Wells Fargo is more reflective of profit-taking than concerns about the year ahead.
The shares are down about 7% in premarket trading.
Barclays' revised price forecast implies that shares could rally 24% from here.
Shares have pulled back more than 36% so far in 2025.
Analyst David George downgraded the bank.
