AB InBev (BUD) Today — Nov. 11, 2025: Morgan Stanley Trims Price Target as Buyback Progresses; DZ Bank Reiterates ‘Buy’ and Valuation Debates Heat Up
Updated: November 11, 2025Tickers: NYSE: BUD · Euronext Brussels: ABI Key points What changed today Morgan Stanley trims but stays bullish. In a Tuesday note, Morgan Stanley reduced its AB InBev price target to $79while maintaining Overweight. The team cut organic volume expectations for FY25 and grew more cautious for early 2026, but nudged FY25 organic EBITDA growth a touch higher after Q3. Higher finance costs (including BRL hedging) and lower volumes drive the model changes; even so, the bank said its EPS forecasts remain above Visible Alpha consensus. ( Investing.com) Share buyback momentum. After unveiling a $6bn program alongside Q3 results in late October, AB