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Anheuser-Busch’s ‘BUD’ back on NYSE

September 16, 2009

Anheuser-Busch’s BUD ticker symbol returned to the New York Stock Exchange listings Wednesday.

The symbol was lifted last year after the St. Louis beer company was purchased by InBev. Since July, shares in Anheuser-Busch InBev had to be traded in the over-the-counter market in the form of American depositary receipts under the ticker symbol AHBIY.

The company’s stock has just about doubled since the first of the year to about $45 a share.

Analyst Chad Brand, writing in the Seeking Alpha Web site, calls the stock very solid hold that is trading near its fair value.

Another analyst, Wim Hoste of KBC Securities in Belgium, is more bullish, calling it a great company in a great industry, the St. Louis Post-Dispatch reported.

Morningstar analyst Ann Gilpin says Anheuser-Busch InBev is the best-run brewer in the world but its debt load probably makes it the riskiest.


Source: upi



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