Deutsche Bank Research upgraded Anheuser-Busch InBev (AB InBev), a Belgian-Brazilian brewing company, from "Hold" to "Buy," raising the target price from €55 to €75. Analyst Mitch Collett cited the company's consistent strong performance despite adverse external conditions, growth in emerging markets, digital leadership in the beer sector, improved prospects in the U.S., and strong liquidity development as reasons for the upgrade.
In other news, SVB Wealth LLC purchased a new stake in The Williams Companies, Inc. (NYSE:WMB), an American energy infrastructure company, in the 4th quarter, acquiring 21,923 shares valued at approximately $1,186,000. Several other institutional investors also increased their positions in Williams Companies. The company's stock opened at $58.25 on Monday, with a 52-week high of $61.46 and a market capitalization of $71.02 billion.