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Anheuser-Busch Stock Enters Bear Territory Amid Anti-Trans Bud Light Backlash
Forbes ^ | 31st May 2023 | Derek Saul

Posted on 05/31/2023 12:41:24 PM PDT by Cronos

Shares of Bud Light’s parent company are now down more than 20% in the two months since the beer sent personalized memorabilia to transgender social media influencer Dylan Mulvaney,

...$26 billion. That’s how much market capitalization Anheuser-Busch has lost over the last two months.

CONTRA Despite the company’s stock slide, Wall Street remains fairly bullish on Anheuser-Busch; the nearly three dozen analysts surveyed by FactSet have an average price target of about $67 for the stock, implying roughly 25% upside and projecting it to hit its pre-controversy level

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: bidenbeer; buttlight
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1 posted on 05/31/2023 12:41:24 PM PDT by Cronos
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To: Cronos

Sweet.


2 posted on 05/31/2023 12:45:03 PM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: Cronos

Lotsa Bud light sitting in the beer cooler at Kroger. 😏


3 posted on 05/31/2023 12:49:00 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Cronos

*toilet-flushing sound*


4 posted on 05/31/2023 12:49:20 PM PDT by simpson96
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To: Cronos

Cornholio Buddy Light.

Before much longer , they will be the beer that once was.


5 posted on 05/31/2023 12:52:30 PM PDT by Candor7 ( ( Ask not for whom THE Trump trolls...He trolls for thee!)<img src=""width=500></img>)
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To: Cronos

I’m dying to see another interview with the proud-as-punch Alissa.


6 posted on 05/31/2023 12:54:31 PM PDT by EliRoom8
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To: Cronos

The backlash isnt actually “anti-trans” as much as supporting ACTUAL women that could have used that payday instead of some self centered “transformer” stealing it. Oh, and trying to bully beer drinkers.


7 posted on 05/31/2023 12:56:51 PM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉)
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To: Cronos

The backlash isnt actually “anti-trans” as much as supporting ACTUAL women that could have used that payday instead of some self centered “transformer” stealing it. Oh, and trying to bully beer drinkers.


8 posted on 05/31/2023 12:57:00 PM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉)
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To: rktman

Sorry for the double tap.


9 posted on 05/31/2023 12:57:33 PM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉)
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To: rktman

“The backlash isnt actually “anti-trans” as much as supporting ACTUAL women that could have used that payday instead of some self centered “transformer” stealing it. Oh, and trying to bully beer drinkers.”

And because they put a pervert on their can. Yeah, its about as anti-trans as it can get. It need to stay that way.


10 posted on 05/31/2023 12:58:42 PM PDT by Fai Mao (Starve the beast and steal its food!)
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To: Cronos

Last one to buy a six pack of BL turns the lights out. Ok


11 posted on 05/31/2023 12:58:55 PM PDT by Leep (What skill or service did the biden family have that netted them tens of millions of dollars?)
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To: Cronos
I'd love to know how many of those three dozen analysts anticipated any bleed over from BL to AB at all. Because an awful lot of those first takes predicted there wouldn't be.

I'm scratching my head a little at the apparent lack of anyone actually asking the people boycotting what they're angry about. You know, actual market research? What I do read is a lot of speculation, accusation of bigotry, and desperate framing of the question designed to dance around that basic question. No acknowledgment that it insulted and marginalized women, no demographic studies about who's switched, no focus groups asking anyone what the beef is. Journalism in general has switched from asking questions to grand social narrative and it looks like marketers have too.

12 posted on 05/31/2023 1:10:21 PM PDT by Billthedrill
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To: Cronos

I’m enjoying this.


13 posted on 05/31/2023 1:15:43 PM PDT by I want the USA back (The democrat party is the most subversive and harmful institution on the planet. Tied with media.)
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To: Cronos

i cant wait for the tap dance

when the 2q results are in

but but but

it was just one can


14 posted on 05/31/2023 1:25:51 PM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: Cronos

Hey AB, still think it was a good idea to hire that head of marketing chic that hired that dude Dylan?

I didn’t drink any of their crappy beers anyway but I’m glad to see them getting what they asked for.


15 posted on 05/31/2023 1:28:16 PM PDT by Bullish (Either we don't see it coming or they don't... But somebody's got it coming.)
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To: Cronos
Wall Street remains fairly bullish on Anheuser-Busch; the nearly three dozen analysts surveyed by FactSet have an average price target of about $67 for the stock, implying roughly 25% upside and projecting it to hit its pre-controversy level

Counting on short attention spans by Americans. They may be wrong this time - Bud Light is already in uncharted waters as far as the longevity of a conservative boycott goes.
16 posted on 05/31/2023 1:50:38 PM PDT by AnotherUnixGeek
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To: AnotherUnixGeek

AB will survive and profit, I just don’t know if Bud Light remains in their stable.


17 posted on 05/31/2023 1:53:47 PM PDT by 1Old Pro
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To: Cronos

Hello, Vanguard, sell!!!


18 posted on 05/31/2023 2:01:56 PM PDT by Recon Dad (Force Recon Dad)
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To: Cronos

Barron’s even had an article this morning explaining why it was a good time to buy Bud stock. They still are promoting a $75.00 target price. Apparently, no one listened to them.


19 posted on 05/31/2023 2:04:55 PM PDT by CFW (old and retired)
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To: CFW

They still are promoting a $75.00 target price.
~~~~~~~~~~~~~~~~~
Sure... sometime way in the future after it blasts through $50 on its way to $40.


20 posted on 05/31/2023 3:43:28 PM PDT by hecticskeptic
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