Ambev S.A. Stock Price Back in Focus as Morgan Stanley Keeps Sell, R$11 Target
Morgan Stanley maintained a Sell rating on Ambev with an R$11 target, citing aluminum cost risks. Ambev’s U.S. shares traded at $2.86 late Friday, steady after a 4% drop Thursday. February results beat forecasts, but Q4 net profit fell 9.9% to R$4.53 billion as volumes dropped 3.6%. Ambev will pay R$0.075 per share in interest on own capital on April 6.