JPMorgan Chase: Budweiser InBev's performance this year is expected to have a split between the first half and the second half, with the World Cup expected to drive beer consumption.
Analysts at J.P. Morgan wrote that the beginning of the year for AB InBev, the producer of Budweiser beer, is expected to be slow, but the second half of the year should show strong performance. J.P. Morgan pointed out that the Belgian company's stock price performance over the past year has been better than many peers, and the company also produces beer brands such as Corona and Stella Artois. The investment bank stated that there are more positive factors to come, including the upcoming FIFA World Cup in the summer, as well as sales growth and favorable exchange rate effects. J.P. Morgan stated, "We maintain a positive stance on the beer industry."
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