Barclays Maintains Ambev at Equal-Weight, Lowers Price Target to $3
Barclays has maintained its Equal-Weight rating on Ambev while reducing its price target from $3.50 to $3.00.
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Ambev has launched a marketing partnership with the gym chain Smart Fit to promote its non-alcoholic beer portfolio through the Zé Delivery platform.
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Barclays has maintained its Equal-Weight rating on Ambev while reducing its price target from $3.50 to $3.00.
Ambev S.A. reported growth in its third-quarter 2026 earnings and revenue, while simultaneously authorizing a new share repurchase program.
Ambev S.A. announced an increase in both earnings and revenue for the third fiscal quarter of 2026.
Ambev's stock price experienced a significant decline on October 26, 2026, following the presidential election victory of Luiz Inácio Lula da Silva in Brazil.
https://www.bloomberg.com/news/articles/2026-10-09/bolsonaro-leads-lula-in-brazil-runoff-after-first-round-surprise