BofA Keeps AB InBev at Buy Amid Continued Focus on Profitable, Sustainable Long-term Growth

07:59 AM EDT, 09/24/2026 (MT Newswires) -- BofA Global Research reiterated its buy rating on Anheuser-Busch InBev's (ABI.BR, ANH.JO), d/b/a AB InBev, after its capital markets day, noting the Belgium-based brewer's continued focus on profitable and sustainable long-term growth as it progresses with its strategy. "ABI has evolved significantly under Michel Doukeris' tenure as CEO, and the CMD has reinforced our confidence that the strategy is working and that ABI's scale, portfolio and capabilities provide a competitive advantage vs its peer set. Management updated its medium-term target from 4-8% organic EBITDA to 5-9% organic EBIT growth," analysts said in a Thursday note. The research firm also highlighted that AB InBev's business-to-business e-commerce platform BEES is turning into a significant profit driver for the company, potentially becoming an incremental source of growth as it expands across markets and into new categories. The stock's price objective stands at 88 euros.