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Dry January Could Last a Lot Longer. Why Beer Stocks Have Gone Flat.

Por: MarketWatch Business January 12, 2023

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In midday trading, shares of AB InBev (ticker: BUD) were down 1.8%, to $60.77. The S&P 500 and the Dow Jones Industrial Average were both up, 0.5% and 0.8%, respectively. The downgrades landed seven weeks before the company posts its fiscal fourth-quarter and full-year results in early March. Both Oliver and Collett ticked off many of the same reasons for their new ratings, but their biggest is sales growth. Oliver warned that consumers trading... + full article



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