RBC Boosts AB InBev Price Target, Forecasts After 'Solid' H1 Results

06:24 AM EDT, 08/04/2026 (MT Newswires) -- RBC Capital Markets updated its price target and forecasts for Anheuser-Busch InBev (ABI.BR, ANH.JO), d/b/a AB InBev, following the Belgium-based brewer's half-year earnings report. "We nudge up our FY26 organic EBITDA growth forecast for AB InBev above the mid-point of its 4-8% EBITDA growth guidance range to +6.7% (from +5.6% previously) to reflect the company's solid first half, with benefit from transactional currency tailwinds to come in 2H," analysts wrote in a Monday note. The expected EPS for 2026 were also bumped higher to 4.77 euros from 4.49 euros, while the estimates for 2027 and 2028 were raised to 5.28 euros and 5.51 euros, respectively, from 4.84 euros and 5.06 euros. Revenue projections were upwardly adjusted as well over the three-year period. "Currencies remain the unknown, but we think AB InBev's grip on the more controllable factors is tightening. The short-term performance has been more consistent, volume growth is improving and ABI's medium-term ambition of 4-8% EBITDA growth looks realistic to us," the research firm said, increasing the price target to 93 euros from 85 euros, while reaffirming the stock's outperform rating.