Overview
Anheuser-Busch InBev, based in Belgium, is a multinational beverage and brewing company and is recognized as one of the largest fast-moving consumer goods companies in the world. The firm operates in the alcohol industry, primarily in beer production, and owns over 500 beer brands including Budweiser, Corona, and Stella Artois. Key projects include sustainability initiatives such as the "100+ Sustainability Accelerator" aimed at solving environmental and social challenges, and the "SmartBarley" program, leveraging data and technology to enhance yield, resource-use efficiency, and reduce risk across their agricultural supply chain.
Basic Stats
The Factor Analysis chart (below right) shows a view of Anheuser-Busch InBev SA/NV from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | |
| EV | |
| Shares Out. | 1,646.25 MM |
| Earnings Date | |
| EPS (TTM) | |
| Dividend Yield | |
| Ex-Dividend Date | 2025-05-06 |
| Borrow Rate | |
| Short Shares Avail. | 0.00 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | |
| Beta | |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | |
| ROE | 0.00 |
| ROIC | |
| CROIC | |
| OCROIC | |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | |
| Profitability | |
| Quality Score | |
| Value Score | |
| Momentum Score | |
| Stability (Low Vol) Score | |
| Analyst Sentiment | |
| Fund Sentiment | |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | |
| QVM Score | |
| Piotroski F-SCORE | 1.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Anheuser-Busch InBev SA/NV is MX$1,611.90. The forecasts range from a low of MX$1,246.55 to a high of MX$2,883.42. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Anheuser-Busch InBev SA/NV. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-01-16 | DAY BY DAY | Sell | Hold | Upgrade |
| 2023-12-18 | DAY BY DAY | Sell | Buy | Upgrade |
| 2023-12-15 | TD COWEN | Outperform | Outperform | Maintains |
| 2023-11-29 | INVESTEC BANK PLC | Buy | Buy | Maintains |
| 2023-11-27 | HSBC | Hold | Buy | Upgrade |
| 2023-11-27 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-11-06 | SOCIETE GENERALE | Sell | Sell | Maintains |
| 2023-11-03 | DZ BANK | Buy | Buy | Maintains |
| 2023-11-01 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-11-01 | ODDO BHF | Buy | Buy | Maintains |
| 2023-10-31 | DEGROOF PETERCAM | Buy | Buy | Maintains |
| 2023-10-31 | KBC SECURITIES | Buy | Buy | Maintains |
| 2023-10-06 | INVESTEC BANK LIMITED | Buy | Buy | Maintains |
| 2023-08-28 | HSBC | Hold | Hold | Maintains |
| 2023-08-27 | HSBC | Hold | Hold | Maintains |
| 2023-08-23 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-08-22 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-08-14 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-08-13 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-08-11 | INVESTEC BANK PLC | Buy | Buy | Maintains |
| 2023-08-10 | INVESTEC BANK PLC | Buy | Buy | Maintains |
| 2023-08-07 | SOCIETE GENERALE | Sell | Sell | Maintains |
| 2023-08-07 | DZ BANK | Buy | Buy | Maintains |
| 2023-08-06 | SOCIETE GENERALE | Sell | Sell | Maintains |
| 2023-08-06 | DZ BANK | Buy | Buy | Maintains |
| 2023-08-04 | ODDO BHF | Buy | Buy | Maintains |
| 2023-08-03 | ODDO BHF | Buy | Buy | Maintains |
| 2023-08-03 | DEGROOF PETERCAM | Buy | Buy | Maintains |
| 2023-08-03 | KBC SECURITIES | Buy | Buy | Maintains |
| 2023-08-03 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2023-08-02 | DEGROOF PETERCAM | Buy | Buy | Maintains |
| 2023-08-02 | KBC SECURITIES | Buy | Buy | Maintains |
| 2023-08-02 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2023-07-05 | CREDIT SUISSE - EUROPE | Underperform | Underperform | Maintains |
| 2023-07-04 | CREDIT SUISSE - EUROPE | Underperform | Underperform | Maintains |
| 2023-06-27 | INVESTEC BANK LIMITED | Buy | Buy | Maintains |
| 2023-06-26 | INVESTEC BANK LIMITED | Buy | Buy | Maintains |
| 2023-06-12 | DAY BY DAY | Buy | Sell | Downgrade |
| 2023-06-11 | DAY BY DAY | Buy | Sell | Downgrade |
| 2023-05-31 | REDBURN LIMITED | Neutral | Buy | Upgrade |
| 2023-05-30 | REDBURN LIMITED | Neutral | Buy | Upgrade |
| 2023-05-29 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2023-05-28 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2023-05-22 | HSBC | Buy | Hold | Downgrade |
| 2023-05-22 | DAY BY DAY | Sell | Buy | Upgrade |
| 2023-05-21 | HSBC | Buy | Hold | Downgrade |
| 2023-05-21 | DAY BY DAY | Sell | Buy | Upgrade |
| 2023-05-19 | INVESTEC BANK PLC | Buy | Buy | Maintains |
| 2023-05-18 | INVESTEC BANK PLC | Buy | Buy | Maintains |
| 2023-05-08 | ODDO BHF | Buy | Buy | Maintains |
| 2023-05-08 | SOCIETE GENERALE | Sell | Sell | Maintains |
| 2023-05-07 | ODDO BHF | Buy | Buy | Maintains |
| 2023-05-07 | SOCIETE GENERALE | Sell | Sell | Maintains |
| 2023-05-05 | CREDIT SUISSE - EUROPE | Neutral | Underperform | Downgrade |
| 2023-05-04 | CREDIT SUISSE - EUROPE | Neutral | Underperform | Downgrade |
| 2023-04-17 | DAY BY DAY | Sell | Buy | Upgrade |
| 2023-04-17 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2023-04-13 | SOCIETE GENERALE | Sell | Sell | Maintains |
| 2023-04-13 | REDBURN LIMITED | Neutral | Buy | Upgrade |
| 2023-04-12 | ODDO BHF | Buy | Buy | Maintains |
| 2023-04-11 | INVESTEC BANK PLC | Buy | Buy | Maintains |
| 2023-04-06 | CREDIT SUISSE - EUROPE | Neutral | Underperform | Downgrade |
| 2023-03-27 | HSBC | Hold | Buy | Upgrade |
| 2023-03-26 | HSBC | Hold | Buy | Upgrade |
| 2023-03-08 | INVESTEC BANK LIMITED | Buy | Buy | Maintains |
| 2023-03-07 | INVESTEC BANK LIMITED | Buy | Buy | Maintains |
| 2023-03-06 | BRYAN GARNIER | Sell | Buy | Upgrade |
| 2023-03-05 | BRYAN GARNIER | Sell | Buy | Upgrade |
| 2023-03-02 | KBC SECURITIES | Buy | Buy | Maintains |
| 2023-03-01 | KBC SECURITIES | Buy | Buy | Maintains |
| 2023-01-11 | BERENBERG | Buy | Buy | Maintains |
| 2023-01-10 | BERENBERG | Buy | Buy | Maintains |
| 2022-12-08 | CREDIT SUISSE - EUROPE | Neutral | Neutral | Maintains |
| 2022-12-07 | CREDIT SUISSE - EUROPE | Neutral | Neutral | Maintains |
| 2022-10-07 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2022-10-06 | ANALISIS BANCO SABADELL | Buy | Buy | Maintains |
| 2022-09-26 | DAY BY DAY | Hold | Sell | Downgrade |
| 2022-09-25 | DAY BY DAY | Hold | Sell | Downgrade |
| 2022-08-24 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2022-08-23 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2022-08-22 | HSBC | Hold | Hold | Maintains |
| 2022-08-21 | HSBC | Hold | Hold | Maintains |
| 2022-08-08 | DZ BANK | Buy | Buy | Maintains |
| 2022-08-07 | DZ BANK | Buy | Buy | Maintains |
| 2022-07-18 | DAY BY DAY | Sell | Hold | Upgrade |
| 2022-07-17 | DAY BY DAY | Sell | Hold | Upgrade |
| 2022-06-27 | DAY BY DAY | Hold | Sell | Downgrade |
| 2022-06-26 | DAY BY DAY | Hold | Sell | Downgrade |
| 2022-01-17 | DAY BY DAY | Sell | Hold | Upgrade |
| 2022-01-03 | DAY BY DAY | Sell | Sell | Maintains |
| 2022-01-02 | DAY BY DAY | Sell | Sell | Maintains |
| 2021-11-05 | REDBURN LIMITED | Neutral | Neutral | Maintains |
| 2021-11-04 | REDBURN LIMITED | Neutral | Neutral | Maintains |
| 2021-10-27 | ING FM | Hold | Hold | Maintains |
| 2021-10-26 | ING FM | Hold | Hold | Maintains |
| 2021-05-06 | MIRABAUD SECURITIES | Buy | Buy | Maintains |
| 2021-05-05 | MIRABAUD SECURITIES | Buy | Buy | Maintains |
| 2021-03-15 | DAY BY DAY | Sell | Sell | Maintains |
| 2021-03-14 | DAY BY DAY | Sell | Sell | Maintains |
| 2021-02-26 | BRYAN GARNIER | Sell | Sell | Maintains |
| 2021-02-25 | BRYAN GARNIER | Sell | Sell | Maintains |
| 2020-10-07 | Jefferies | Hold | Buy | Upgrade |
| 2020-07-30 | Evercore ISI Group | In-Line | Outperform | Upgrade |
| 2020-05-26 | CFRA | Hold | Maintains | |
| 2020-05-20 | JP Morgan | Underweight | Neutral | Upgrade |
| 2020-03-12 | RBC Capital | Sector Perform | Outperform | Upgrade |
| 2020-03-09 | Credit Suisse | Outperform | Neutral | Downgrade |
| 2020-03-03 | B of A Securities | Buy | Neutral | Downgrade |
| 2020-02-28 | Bryan Garnier | Buy | Neutral | Downgrade |
| 2020-02-26 | Goldman Sachs | Neutral | Initiate | |
| 2020-02-20 | JP Morgan | Neutral | Underweight | Downgrade |
| 2019-11-18 | Redburn | Sell | Neutral | Upgrade |
| 2019-11-07 | JP Morgan | Neutral | Maintains | |
| 2019-08-27 | Barclays | Equal-Weight | Underweight | Downgrade |
| 2019-08-06 | UBS | Buy | Neutral | Downgrade |
| 2019-07-29 | Bank of America | Neutral | Buy | Upgrade |
| 2019-05-30 | Argus Research | Hold | Buy | Upgrade |
| 2019-04-02 | Barclays | Equal-Weight | Initiate | |
| 2019-03-07 | RBC Capital | Top Pick | Sector Perform | Downgrade |
| 2019-03-01 | Macquarie | Neutral | Neutral | Maintains |
| 2019-01-22 | RBC Capital | Outperform | Top Pick | Upgrade |
| 2019-01-16 | Jefferies | Hold | Underperform | Downgrade |
| 2018-11-12 | Argus | Buy | Hold | Downgrade |
| 2018-10-29 | RBC Capital | Sector Perform | Outperform | Upgrade |
| 2018-10-01 | Jefferies | Buy | Hold | Downgrade |
| 2018-09-14 | Guggenheim | Buy | Initiate | |
| 2018-06-04 | HSBC | Hold | Buy | Upgrade |
| 2018-04-26 | Bank of America | Neutral | Underperform | Downgrade |
| 2018-04-11 | JP Morgan | Underweight | Underweight | Maintains |
| 2018-03-12 | Bernstein | Market Perform | Outperform | Upgrade |
| 2018-03-05 | JP Morgan | Underweight | Underweight | Maintains |
| 2018-02-15 | JP Morgan | Underweight | Underweight | Maintains |
| 2017-12-05 | JP Morgan | Neutral | Underweight | Downgrade |
| 2017-09-08 | Argus | Buy | Initiate | |
| 2017-07-10 | Jefferies | Buy | Maintains | |
| 2017-03-02 | Bank of America | Buy | Neutral | Downgrade |
| 2016-11-17 | Investec | Buy | Hold | Downgrade |
| 2016-10-20 | Societe Generale | Buy | Hold | Downgrade |
| 2016-10-03 | Liberum | Buy | Initiate | |
| 2016-09-13 | Jefferies | Buy | Initiate | |
| 2016-08-22 | Kepler Cheuvreux | Hold | Buy | Upgrade |
| 2016-08-01 | Susquehanna | Positive | Neutral | Downgrade |
| 2016-05-05 | Bernstein | Market Perform | Maintains | |
| 2016-04-05 | Societe Generale | Hold | Buy | Downgrade |
| 2015-12-08 | HSBC | Reduce | Buy | Upgrade |
| 2015-11-16 | Exane BNP Paribas | Neutral | Outperform | Upgrade |
| 2015-11-13 | Berenberg | Hold | Buy | Upgrade |
| 2015-11-02 | CLSA | Underperform | Outperform | Upgrade |
| 2015-10-29 | Susquehanna | Positive | Maintains | |
| 2015-09-30 | UBS | Buy | Initiate | |
| 2015-09-21 | RBC Capital | Outperform | Sector Perform | Downgrade |
| 2015-08-26 | ING | Hold | Buy | Upgrade |
| 2015-07-31 | Stifel Nicolaus | Buy | Maintains | |
| 2015-07-21 | Nomura | Buy | Neutral | Downgrade |
| 2015-06-02 | Susquehanna | Neutral | Positive | Upgrade |
| 2015-05-04 | CLSA | Outperform | Underperform | Downgrade |
| 2015-04-23 | JP Morgan | Overweight | Maintains | |
| 2015-04-14 | Susquehanna | Neutral | Initiate | |
| 2015-03-25 | HSBC | Overweight | Reduce | Downgrade |
| 2015-03-17 | Tigress Financial | Neutral | Underperform | Downgrade |
| 2015-03-03 | Investec | Hold | Initiate | |
| 2015-02-27 | Berenberg | Buy | Hold | Downgrade |
| 2015-02-23 | JP Morgan | Overweight | Maintains | |
| 2014-09-17 | Societe Generale | Sell | Hold | Upgrade |
| 2014-09-09 | BTIG Research | Buy | Neutral | Downgrade |
| 2014-08-25 | Brasil Plural | Overweight | Initiate | |
| 2013-11-25 | Societe Generale | Hold | Sell | Downgrade |
| 2013-07-31 | Canaccord Genuity | Hold | Buy | Upgrade |
| 2013-07-31 | Rabobank | Hold | Buy | Upgrade |
| 2013-07-31 | KBC Partners | Hold | Accumulate | Upgrade |
| 2013-07-31 | Mirabaud | Neutral | Accumulate | Upgrade |
| 2013-06-24 | Societe Generale | Buy | Hold | Downgrade |
| 2013-04-30 | Canaccord Genuity | Buy | Hold | Downgrade |
| 2013-04-30 | Banco Sabadell | Buy | Sell | Downgrade |
| 2013-04-29 | Bernstein | Outperform | Market Perform | Downgrade |
| 2013-03-18 | Jefferies | Buy | Maintains | |
| 2013-03-13 | Stifel Nicolaus | Buy | Maintains | |
| 2013-02-28 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2013-02-25 | Nomura | Reduce | Neutral | Upgrade |
| 2013-02-14 | Societe Generale | Hold | Buy | Upgrade |
| 2013-02-04 | Bank of America | Buy | Neutral | Downgrade |
| 2013-02-01 | Societe Generale | Buy | Hold | Downgrade |
| 2013-02-01 | Bernstein | Market Perform | Outperform | Upgrade |
| 2013-01-16 | Nomura | Neutral | Reduce | Downgrade |
| 2013-01-07 | ISI Group | Buy | Initiate | |
| 2012-10-24 | Goldman Sachs | Neutral | Sell | Downgrade |
| 2012-08-07 | Jefferies | Buy | Maintains | |
| 2012-07-02 | Societe Generale | Hold | Buy | Upgrade |
| 2012-05-03 | Jefferies | Buy | Maintains | |
| 2012-03-09 | Jefferies | Buy | Maintains | |
| 2012-03-02 | Stifel Nicolaus | Buy | Maintains | |
| 2025-04-06 | JEFFERIES | Buy | Buy | Maintains |
| 2025-04-01 | ESN/CIC MARKET SOLUTIONS | Buy | Buy | Maintains |
| 2025-03-31 | TD COWEN | Hold | Hold | Maintains |
| 2025-03-23 | HSBC | Buy | Buy | Maintains |
| 2025-03-21 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2025-03-11 | CONSUMER EDGE RESEARCH | Equalweight | Equalweight | Maintains |
| 2025-03-04 | ODDO BHF | Buy | Buy | Maintains |
| 2025-03-03 | DZ BANK | Buy | Buy | Maintains |
| 2025-03-02 | ANCHOR STOCKBROKERS | Buy | Buy | Maintains |
| 2025-02-25 | DEGROOF PETERCAM | Hold | Hold | Maintains |
| 2025-02-25 | ING FM | Hold | Buy | Upgrade |
| 2025-02-25 | KBC SECURITIES | Buy | Buy | Maintains |
| 2025-01-12 | DAY BY DAY | Buy | Sell | Downgrade |
| 2025-01-05 | TD COWEN | Buy | Hold | Downgrade |
| 2025-01-05 | KBC SECURITIES | Buy | Buy | Maintains |
| 2024-12-19 | DEGROOF PETERCAM | Buy | Hold | Downgrade |
| 2024-12-12 | CONSUMER EDGE RESEARCH | Equalweight | Equalweight | Maintains |
| 2024-12-08 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2024-12-04 | ANCHOR STOCKBROKERS | Buy | Buy | Maintains |
| 2024-12-04 | DEGROOF PETERCAM | Buy | Buy | Maintains |
| 2024-11-26 | ING FM | Hold | Hold | Maintains |
| 2024-11-24 | HSBC | Buy | Buy | Maintains |
| 2024-11-06 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2024-11-03 | ODDO BHF | Buy | Buy | Maintains |
| 2024-11-03 | DZ BANK | Buy | Buy | Maintains |
| 2024-10-05 | EVERCORE ISI | Outperform | Outperform | Maintains |
| 2024-10-02 | TD COWEN | Buy | Buy | Maintains |
| 2024-08-08 | DEGROOF PETERCAM | Buy | Buy | Maintains |
| 2024-08-04 | INVESTEC BANK PLC | Buy | Hold | Downgrade |
| 2024-08-04 | BNP PARIBAS EXANE | Outperform | Neutral | Downgrade |
| 2024-08-01 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2024-08-01 | ODDO BHF | Buy | Buy | Maintains |
| 2024-08-01 | DZ BANK | Buy | Buy | Maintains |
| 2024-07-31 | TD COWEN | Outperform | Buy | Maintains |
| 2024-07-31 | KBC SECURITIES | Buy | Buy | Maintains |
| 2024-06-10 | DAY BY DAY | Buy | Buy | Maintains |
| 2024-05-28 | ING FM | Hold | Hold | Maintains |
| 2024-05-26 | HSBC | Buy | Buy | Maintains |
| 2024-03-18 | TD COWEN | Outperform | Outperform | Maintains |
| 2024-01-14 | SOCIETE GENERALE | Sell | Sell | Maintains |
| 2023-12-26 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-12-17 | DAY BY DAY | Sell | Buy | Upgrade |
| 2023-12-14 | TD COWEN | Outperform | Outperform | Maintains |
| 2023-11-28 | INVESTEC BANK PLC | Buy | Buy | Maintains |
| 2023-11-26 | HSBC | Hold | Buy | Upgrade |
| 2023-11-26 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-11-05 | SOCIETE GENERALE | Sell | Sell | Maintains |
| 2023-11-02 | DZ BANK | Buy | Buy | Maintains |
| 2023-10-31 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-10-31 | ODDO BHF | Buy | Buy | Maintains |
| 2023-10-30 | DEGROOF PETERCAM | Buy | Buy | Maintains |
| 2023-10-30 | KBC SECURITIES | Buy | Buy | Maintains |
| 2023-10-05 | INVESTEC BANK LIMITED | Buy | Buy | Maintains |
| 2025-07-09 | ODDO BHF | Buy | Buy | Maintains |
| 2025-07-08 | JEFFERIES | Buy | Buy | Maintains |
| 2025-07-08 | DEGROOF PETERCAM | Hold | Hold | Maintains |
| 2025-07-07 | ESN/CIC MARKET SOLUTIONS | Buy | Buy | Maintains |
| 2025-07-03 | ROTHSCHILD & CO REDBURN | Buy | Buy | Maintains |
| 2025-06-30 | BERENBERG | Buy | Buy | Maintains |
| 2025-06-23 | TD COWEN | Hold | Hold | Maintains |
| 2025-06-15 | DAY BY DAY | Sell | Buy | Upgrade |
| 2025-05-27 | ING FM | Buy | Buy | Maintains |
| 2025-05-25 | HSBC | Buy | Buy | Maintains |
| 2025-05-22 | DZ BANK | Buy | Buy | Maintains |
| 2025-05-08 | ANCHOR STOCKBROKERS | Buy | Buy | Maintains |
| 2025-05-07 | KBC SECURITIES | Buy | Buy | Maintains |
