HSBC downgrades Anheuser-Busch InBev as it deals with a 'Bud Light crisis'

Major bank takes action against Anheuser-Busch over Bud Light 'crisis': 'Raises many questions'

HSBC, one of the world's largest banks, downgraded the stock of Anheuser-Busch InBev this week amid controversy over Bud Light's partnership with transgender influencer Dylan Mulvaney.Bank analysts downgraded the stock to "hold" status, which means investors should neither sell nor purchase the stock, CNBC reported.In a note, HSBC analyst Carlos Laboy, managing director for the global beverage sector at the bank, justified the downgrade by quest…

Anheuser-Busch stock downgraded by HSBC amid ongoing Dylan Mulvaney controversy

Blowback from the Mulvaney partnership controversy has extended to AB InBev's other American brands. Budweiser sales fell by 11.4% for the week ending April 29, Michelob Ultra decreased by 4.4%, Natural Light declined by 5.2%, and Busch Light was down by 1.8%.

Anheuser-Busch Stock Downgraded as Bud Light Sales Continue to Plummet

Anheuser-Busch experienced at least a 25 percent year-over-year drop in sales volume in April alone, signifying a major “crisis” at the company that he says its management is desperately trying to downplay. File photo: RozenskiP, Shutter Stock, licensed. NEW YORK, NY – Anheuser-Busch InBev’s (ABI) stock has been downgraded by HSBC as sales of the company’s products – in particular, it’s Bud Light brand of beer – continue to plummet following a m…

Anheuser Busch Stock DOWNGRADED As Sales TANK, Major Bank Says NO To Bud Light As Company IMPLODES

Anheuser Busch Stock DOWNGRADED As Sales TANK, Major Bank Says NO To Bud Light As Company IMPLODES Become a ...

‘Deeper Problems’: Anheuser-Busch Stock Downgraded Amid Ongoing Dylan Mulvaney Fallout

Anheuser-Busch stock has been downgraded by HSBC on Wednesday amid the ongoing backlash after partnering with transgender influencer Dylan Mulvaney

Anheuser-Busch Takes Huge Hit From HSBC Because of Bud Light Mulvaney Crisis

One more gut punch to Anheuser-Busch as things get even worse across the country.