Bud Light boycott proves incredibly successful, costing Anheuser-Busch $15.7 billion in market value
Bud Light is now a punchline to millions of Americans, but luckily there are plenty of other beer options.
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Bud Light is now a punchline to millions of Americans, but luckily there are plenty of other beer options.
"We believe there is a subset of American consumers who will not drink a Bud Light for the foreseeable future," JPMorgan analyst Jared Dinges wrote.
Budweiser is giving away its beer for free with new promotions after the Dylan Mulvaney backlash wiped almost $16 billion off parent company Anheuser-Busch's market value.
An analysis shows that the market value of Anheuser-Busch InBev, the maker of Bud Light and Budweiser, dropped ...
Analyst Jared Dinges from JP Morgan research considers the stock attractive and recommends it with a Buy rating. The target price continues to be set at EUR 70. | May 23, 2023