Anheuser-Busch InBev Stock Shows Promising Signs of Recovery

Bank of America has upgraded AB InBev stock from Neutral to Buy, signaling a potential turning point for the company after the Bud Light fallout. Analysts believe that the impact of the boycott, input cost pressures, and investments in Latin America are already factored into the stock price. Margins have been declining since 2018, but BofA expects a 300-basis-point increase in the next three years. While Bud Light sales are still down 28.1% compared to last year, the company's competitors, such as Molson Coors and Constellation Brands, have seen their stocks rise. AB InBev will report earnings on October 31.